allrites has closed pre-series A investment round.
*this is a modified copy of the original article published by Sainul Abudheen K. on E27
Singapore-based online marketplace to discover, buy and sell the best of Asian and global content rights, has closed a US$1.1 million pre-Series A investment round, led by Artesian Venture Capital.
Also joined the round are VC firm SOSV, its accelerator Chinaccelerator, and Clarion Venture Partners.
The marketplace currently has 30,000-plus hours of content on it. The content reaches over 55 million passengers on budget airlines in Asia.
“Technology has revolutionised video content for consumers but the movie and TV production industry is stuck in the last century,” said William Bao Bean, General Partner SOSV and MD at Chinaccelerator. “We are excited about Allrites leveraging technology to bring price transparency and flexibility to content licensing transactions between content producers and studios and their content platform customers.”
Artesian is an active seed-and early-stage VC operating in Australia and China since 2008.
SOSV is a multi-stage VC investor, which runs multiple vertical accelerator programmes and provide seed, venture and growth-stage follow-on investment. SOSV runs seven global accelerators, including Chinaccelerator, MOX – Mobile Only Accelerator, and HAX.
Clarion is an angel fund for startups in the enterprise technology and solution services segment.
allrites is a digital marketplace to discover, buy and sell the best of Asian and global content. allrites was created to address the pain points faced by professional content creators around the world to efficiently find the right set of buyers for their content. Broadcasters gain efficiency and ease in search and discovery of great new TV, film & sports content on a global scale.