After semi-pivot, SnagFilms is raising $4 million - DC


Jul. 31, 2015 12:58 pm

After semi-pivot, SnagFilms is raising $4 million

The video streaming service launched a new end-to-end product for publishers last year. According to an SEC filing, the company recently raised about $3.9 million.

SnagFilms is like Netflix for documentaries and independent movies.

(Screenshot via

Dupont Circle video streaming and media company SnagFilms has nearly closed a $4 million investment round and is doubling down on its newest product, an end-to-end publishing service called ViewLift.

The company — which owns the eponymous streaming website, as well as Indiewire — launched its third arm in February: “an end-to-end platform for the distribution and monetization of video content,” said spokesman Michael Kohn.

In exchange for a licensing fee, ViewLift creates customized applications on devices including phones, smart TVs and Xboxes, but also stores the videos, provides analytics and sets up content monetization systems.

“We’re powering the entire stack,” said Kohn.

Taking a cue from Netflix, the company started out as a documentary streaming website in 2008. SnagFilms now features a broader range of movies, has formed partnerships with major content providers and pioneered streaming apps for mobile devices.

And yet, the company was built on D.C.’s dot-com fortunes. It was founded as an AOL offshoot by local media mogul and investor Ted Leonsis, with backing from fellow executive Steve Case.

Last week, the company disclosed in an SEC filing that it had raised nearly $3.9 million in debt and securities from a prospective $4 million round.

Kohn would not comment on the new funding, but the document indicates that SnagFilms has signed on a new board member, producer William Durkin of Circle Films.

Organizations: SnagFilms


Local news site DCist is coming back after acquisition by WAMU

Google for Entrepreneurs’ Mary Grove is joining Rise of the Rest as partner

Funding news about comScore



VR is cool, but it isn’t mainstream. This local company has a fix for that


The Tactile Group

Full Stack Developer

Apply Now
Washington DC


Product Manager (DC, NY)

Apply Now
Baltimore, MD

Money Map Press

HTML / CSS Production Specialist

Apply Now

DeShuna Spencer created KweliTV to share the African Diaspora experience

Here are the details on Revolution’s $150M Rise of the Rest Seed Fund

Data privacy startup WireWheel secures $3.1M seed round



These DC-based founders drop some serious knowledge in our Tomorrow Toolkit ebook


Terbium Labs

Account Executive

Apply Now
Baltimore, MD

14 West

HTML / CSS Production Specialist

Apply Now


Program Manager (DC)

Apply Now

Sign-up for regular updates from

Do NOT follow this link or you will be banned from the site!