UK-based VOD platform FilmDoo has launched a crowdfunding campaign on Seedrs and raised two thirds of its target within one week.
The campaign is aiming to raise $127,000 (£95,000) to fund technology improvements, product development and marketing, and has so far raised more than $80,000 (£60,000) from 33 investors.
Seedrs is a platform that allows UK investors to participate in the Seed Enterprise Investment Scheme that offers generous tax deductions and other financial incentives for investors. See the FilmDoo campaign here: www.seedrs.com/filmdoo.
Launched at the Cannes Film Festival last year, FilmDoo streams world cinema for a global audience. The platform currently has a library of nearly 1,000 features and shorts from over 20 countries, including award-winning indie films such as God Loves The Fighter from Trinidadian filmmaker Damian Marcano and In The Absence Of The Sun (pictured) from Indonesian director Lucky Kuswandi.
The platform’s traffic has grown from just over 9,000 visitors at the start of the year to nearly 250,000 last month.
“FilmDoo will be raising nearly £100,000 to improve technology, product development and marketing to allow more people around the world to access FilmDoo across more devices,” said FilmDoo co-founder and general counsel William Page.
Co-founder Weerada Sucharitkul added: “It’s an exciting time for us, which is why we are now crowdfunding to further scale the business and to embrace this global opportunity. We’re already a truly global platform with users from 196 countries.”
Watch FilmDoo’s crowdfunding video here: www.youtube.com/watch?v=fDHuQ37q40k
Read Chime’s interview with Weerada here: FilmDoo co-founder Weerada Sucharitkul