FilmHedge, an Atlanta, GA-based provider of financing to film and television productions, raised $5M in Series A funding.
The round was led by Collab Capital, WOCStar, SCADPro (Savannah College of Art & Design) and TriplePoint Capital.
In May of 2022, FilmHedge closed a $100M credit facility from Coromandel Capital and Fallbrook Capital, with options to expand both lines of credit.
The company intends to use the funds to expand the product and marketing teams, hiring for key open roles.
Founded in 2020 and led by CEO Jon Gosier, FilmHedge is a fintech platform that provides private credit and financing solutions to qualified TV and Film producers, offering up to $10M per Film or TV production. The company uses data to track Film/TV production financial data, interest rates, and the credit worthiness of producers and production companies.
In the previous year, FilmHedge allocated more than $100M to more than 20 productions, including scripted series, award-winning docuseries, and feature length films, netting more than $13M in returns.