Mondo Media Secures $17 Million Funding Round

Online animation and syndication company, Mondo Media (www.mondomedia.com), announced it has secured $17 million in funding, its third round of equity financing. The investment was led by venture capital firm SBVC, with supporting funding provided by European investment firm, Venturepark.

Mondo Media says the funding will help drive its distribution network of online animated shorts, including syndication deals the company has with Entertaindom.com, Lycos, and Shockwave.com.

In addition, the company plans to use some of the funds for network growth in Europe, and to bolster its entertainment offerings offline.

"Mondo Media's unrivaled ability to not only create great content but also syndicate it along with third party properties, makes the company an ideal partner for our fund's initiatives," said Carl Rosendahl, SBVC's principal managing director, in a statement.

Mondo Media currently syndicates over a dozen weekly "Mondo Mini" shows to an estimated audience of 40 million home viewers in its syndication network.