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Impact Closes $15M Series B To Accelerate Growth Of Crew Network

Nov 14, 2022about 3 years ago

Amount Raised

$15 Million

Round Type

series b

Beverly HillsLending And InvestmentsFinancial ServicesOther

Investors

Shasta Ventures'Riviera PartnersShasta Ventures

Description

Impact, the professional network for the entertainment industry founded by Academy Award-winning filmmakers and Imagine Entertainment Executive Chairmen Brian Grazer and Ron Howard, and led by CEO Tyler Mitchell, today announced that it has raised $15 million in Series B funding.

Company Information

Company

IMPACT

Location

Beverly Hills, California, United States

About

Impact is the professional network for the entertainment industry focused on serving the needs of crew and the challenges of production. Impact's specialized tools improve how film and television crews hire, communicate and collaborate and, to date, Impact has helped over 60 productions around the world source available crew for major movies and shows from FX, Apple TV+, Universal, Amazon, Disney+, Netflix, HBO Max, and Hulu. Impact was founded by Oscar-winning duo Ron Howard and Brian Grazer with CEO Tyler Mitchell in 2020, and in 2021 was named the #2 Most Innovative Company in Entertainment by Fast Company. Impact has raised more than $21 million in total funding from investors including Benchmark and Shasta Ventures.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech