US-based online horror video platform Crypt TV has secured $6.2m in funding from investors including media group NBCUniversal and film and television production company Blumhouse Productions, Deadline has reported.
Venture capital firms Lerer Hippeau and Advancit Capital also took part in the round, which came after the company raised $3.5m in a March 2017 round led by Lerer Hippeau and backed by NBCUniversal and Advancit.
Founded in 2015, Crypt TV creates and publishes short-form horror videos online. The content generates some 100 million views a month on its Facebook page and its YouTube channel has accumulated more than 570,000 subscribers since its August 2017 launch.
The funding will support an expansion of the company’s collaborations with partners such as telecommunications firm Verizon and the growth of adjacent forms of content such as social media-based fiction.
Jack Davis, Crypt TV’s co-founder and CEO, said. “This new round of financing allows us to move freely in responding to fan demand to make more and longer episodes and seasons around monsters our fans love like Sunny Family Cult and The Look-See.
“Blumhouse, Lerer Hippeau, Advancit Capital and NBCUniversal have been fantastic partners and I feel fortunate to have investors who believe so deeply in Crypt’s vision of using mobile and social to create iconic [intellectual property] for millennials and gen Z.”