Jeffrey Katzenberg’s Investment Venture WndrCo Raises $591.5 Million

Jeffrey Katzenberg Dreamworks Comcast
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Jeffrey Katzenberg, after exiting DreamWorks Animation following Comcast’s acquisition of the studio, has raised nearly $600 million for his next act: a digital media and technology investment firm called WndrCo.

The Beverly Hills firm has raised $591.5 million, according to a filing Thursday with the SEC. Katzenberg’s title at WndrCo as listed on the SEC form is “manager.” The filing didn’t name the 18 investors in the Katzenberg-led venture but indicated that the minimum investment accepted from any outside investor was $25 million.

In the filing, WndrCo indicated the total offering amount is “indefinite” — meaning it plans to raise additional money. The company expects to raise more than $700 million in total, according to a source familiar with the venture.

The two other officers listed for WndrCo are Ann Daly, previously president of DreamWorks Animation, and Sujay Jaswa, the former CFO of Dropbox who’s well-regarded in Silicon Valley. The company’s address is 9355 Wilshire Blvd. in Beverly Hills.

Katzenberg received a $391 million cash-out package when Comcast’s deal for DWA closed last August. He co-founded DreamWorks SKG with David Geffen and Steven Spielberg in 1994, and had served as CEO of DreamWorks Animation since the time it was spun off from the main studio in 2004.

WndrCo LLC is modeled after Barry Diller’s IAC, a holding company whose businesses include Vimeo, About.com, and CollegeHumor, according to the Wall Street Journal, which first reported on the startup’s funding.

As CEO of DreamWorks Animation, Katzenberg led the acquisition of AwesomenessTV in 2013 in a deal worth at least $33 million, one of the first traditional media companies to plant a flag in the emerging digital-video world. With the Comcast takeover, Katzenberg took the title of chairman of “DreamWorks New Media,” overseeing AwesomenessTV and NOVA, an image-visualization software startup incubated at DWA.