Jukin Media, which has built a business based on user-generated video, with more than 1 billion monthly views on YouTube and other platforms, has raised $2 million in funding from consumer-electronics giant Samsung.
The funding, from Samsung’s venture arm, brings the L.A.-based digital media startup to $4.2 million raised to date. Last year it garnered $2.2 million from a laundry list of participants, including Bertelsmann Digital Media, Disney’s Maker Studios, Mandalay Entertainment chairman-CEO Peter Guber and Machinima chairman Allen DeBevoise, Karlin Ventures, Richard Wolpert, Brad Zions, Canyon Creek Capital, Kombo Ventures and Launchpad L.A.
“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,” Thomas Jueng, senior manager of Samsung Venture, said in a statement.
Founded in 2009, Jukin’s biggest property is FailArmy, a collection of “epic fail” videos that has 8 million YouTube followers. Fox adapted FailArmy for TV series “World’s Funniest Fails,” hosted by Terry Crews (“Brooklyn Nine-Nine”).
In addition, Jukin sells a range of solutions for marketers, publishers and media companies to commercially use UGC videos.