Movieclips.com Nets $3 Million Series A

Movieclips.com, which operates a searchable online collection of licensed Hollywood movie scenes, has raised $3 million in a first round of venture capital financing. Menlo Park, Calif.-based Shasta Ventures and New York-based First Round Capital invested in the round, and were joined by a pack of well-known angel investors including Jeff Clavier and Naval Ravikant. The company will use the money to expand its technology. Shasta Ventures’ Tod Francis will join the company’s board of directors as a result of the financing.

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