FilmDoo, an online video-on-demand platform, has successfully surpassed its initial £95,000 funding goal on Seedrs. The company took to the equity crowdfunding portal earlier this month and is now nearing £120,000 thanks to over 50 investors. Celebrating the milestone, the platform took to Twitter and announced:
We have passed the 100% mark in our #crowdfunding campaign! Don’t miss your chance to #invest in the future of film https://t.co/dv2UbL2qE2 pic.twitter.com/sGo9eOBka0
— FilmDoo (@FilmDoo) September 26, 2016
As previously reported, FilmDoo aims to help film fans to discover and watch great films, short films and other content. FilmDoo also aims to build a global film community and empower users to drive social recommendations and bring films to their regions. It was revealed:
“We believe that FilmDoo is an innovative game changer, disrupting the way the traditional film distribution industry currently works by shifting the balance of power to end users to access content that they would be interested in viewing.”
The company also noted unlike its VOD competitors; it can source films directly from all levels of the film distribution chain. This includes from filmmakers to sales agents/distributors. By doing this, users can discover films that FilmDoo has successfully secured first before any other platform. Since its launch last year, FilmDoo has seen month on month growth regularly and exceeding 30% in visitors from 9,000 visitors since last November to 200,000 visitors in July 2016. It also saw over 22,000 visitors returning in July and has more than 1,400 films and short films available in the UK.
During a recent interview FilmDoo co-founder and general counsel William Page, stated:
“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.”
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.”
The campaign is set to close later this fall.
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