Ellation is the parent company of anime-focused video service Crunchyroll, which was founded in 2006. Crunchyroll offers licensed anime including Naruto Shippuden and Sailor Moon and reports 20 million registered users. The company expects to reach 750,000 paying subscribers by the end of this year and users watch 1.5 billion minutes of anime each month. About 80 percent of subscribers come from the English-speaking world. Ellation says it will use the new $22 million investment from Otter Media to expand product and engineering capabilities and to grow original content initiatives, including a partnership with Sumitomo. Although the Chernin Group acquired a majority stake in Crunchyroll two years ago, Ellation maintains a separate capital structure from Otter Media.

Total raised

$22M

Funding rounds

1

Latest round

Equity

Latest activity

Nov 2015