Total amount raised
$88.8 Millions
Latest funding date
Location
Angel Studios has successfully raised funds through equity crowdfunding, attracting a diverse group of investors. The platform offers a unique model where community members can contribute to the production of original shows and movies.
Keep reading to explore the intricacies of Angel Studios' fundraising journey and the investors backing this innovative platform.
What Is Angel Studios?
Angel Studios, founded in March 2021, is a video streaming service and media company based in Provo, Utah. The company was established by Jordan Harmon and Neal Harmon.
Angel Studios operates a unique platform that finances its productions through equity crowdfunding, allowing creators and viewers to collaborate on producing high-quality television and film content. The company offers various products and services, including the Angel App, Guild Membership, digital collectibles, and a Pay It Forward funding model.
With a team of 51-100 employees, Angel Studios continues to innovate in the entertainment industry by empowering filmmakers and providing audiences with original, community-supported shows and movies.
How Much Funding Has Angel Studios Raised?
- Equity Crowdfunding
- Amount Raised: $5M
- Date: January 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To grow and expand Angel Studios' family-friendly streaming app.
- Venture Round
- Amount Raised: $42M
- Date: January 2022
- Lead Investors: Gigafund, Uncorrelated Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To bring control of the entertainment industry back to consumers and creators.
- Equity Crowdfunding
- Amount Raised: $13.5M
- Date: June 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To finance the production of high-quality television and film content.
- Debt Financing
- Amount Raised: $17M
- Date: August 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operations and future projects.
- Equity Crowdfunding
- Amount Raised: $11.3M
- Date: September 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue producing community-supported shows and movies.
Total Amount Raised: $88.8M. Current Valuation: Not publicly disclosed.
Key Investors
- Gigafund
- Details: Gigafund is a venture capital firm co-founded by Stephen Oskoui and Luke Nosek. The firm focuses on supporting transformative companies that have the potential to impact the world significantly.
- Investment Focus Areas: Technology, Space Exploration, Energy.
- Notable Investments: SpaceX, The Boring Company, Luminous Computing.
- Uncorrelated Ventures
- Details: Uncorrelated Ventures is a venture capital firm led by Salil Deshpande. The firm invests in early-stage technology companies with a focus on software infrastructure.
- Investment Focus Areas: Software Infrastructure, Open Source, Enterprise Software.
- Notable Investments: Redis Labs, Hazelcast, Sysdig.
What's Next for Angel Studios?
Angel Studios stands at the cusp of significant growth, driven by the increasing demand for family-friendly and faith-based content. With a proven track record of successful shows like "The Chosen," the platform is poised to expand its streaming app and build stronger connections between creators and fans. The potential for additional crowdfunding campaigns and venture capital investments remains high, given their unique audience-driven model.
However, the journey ahead is not without challenges. Competing with established giants like Netflix and Disney+ will require maintaining high-quality content and navigating legal hurdles. Despite these obstacles, Angel Studios' innovative approach and dedicated community support position it well for future success.
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