The Daily Reel Raises Funding
The Daily Reel, a combination online video tastemaker and nurturer, has raised seed funding in “the high six figures” from Prism VentureWorks. Launched last fall, the 10-person company had previously been funded by founders Jeff Stern and Jamie Patricof.
Stern said in an email Wednesday that the seed round, which closed late last week, would be used to expand The Daily Reel’s staff and “develop our technical capabilities to better serve the online video community.”
The company tries to act as a conduit between the entertainment industry, content creators, and the internet sector. Stern had previously told us his next big project was building and extending a syndication network.
We first read about the funding in paidContent.
See our previous coverage of The Daily Reel.
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