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Jukin gets $2m Samsung funding

US online video company Jukin Media has raised US$2m in funding from consumer electronics giant Samsung.

Jukin CEO Jonathan Skogmo

Jukin founder and CEO
Jonathan Skogmo

The funds, from Samsung’s venture arm, mean Jukin has now garnered US$4.2m to date after raising US$2.2m from a round of participants last year.

These included Bertelsmann Digital Media, Disney’s Maker Studios, Mandalay Entertainment chairman/CEO Peter Guber, Machinima chairman Allen DeBevoise, Karlin Ventures, Richard Wolpert, Brad Zions, Canyon Creek Capital, Kombo Ventures and Launchpad LA.

“Jukin is extraordinarily unique for a digital-first entertainment company in that it’s profitable, expanding and has amassed a significant intellectual property portfolio in the form of its owned-and-operated brands and its impressive video library,” said Thomas Jueng, senior manager of Samsung Ventures.

Last year, YouTube multi-channel network Maker Studios entered into a strategic agreement with Jukin, which operates more than 30 online video channels.

Jukin’s biggest property is FailArmy, a collection of ‘epic fail’ videos that has eight million YouTube followers. It was recently adapted into a TV series by Fox in the US.

To view a recent C21TV video of Jonathan Skogmo, founder and CEO of Jukin Media, click here.

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