Angel Studios: Raises $47M in Funding

Angel Studios Raises $47M in Funding

• Angel Studios, a Provo, Utah-based streaming platform behind crowdfunded shows, raised $47m in funding
• The round was led by Gigafund and Uncorrelated Ventures with participation from Alta Ventures and Kickstart Fund
• In addition to the venture backing, USD$5m of the round was crowdsourced directly from Angel Studios fans
• The company plans to continue improving its streaming platform, market to new audiences, and develop its content pipeline for 2022 and beyond
• AngelStudios is a community-driven movie studio that empowers audiences to decide what content gets produced and distributed, while creating communities around each project
• Creators pitch projects on the platform, and angel investors fund the ones they’re most excited to see (via the Angel Funding Portal)