GoDigital, a company that monetizes and distributes films online, has received a cash injection from investors at Preferred Ventures, the digital media fund founded by former Facebook and Experian Interactive executives.
GoDigital CEO Logan Mulvey said the company now plans to expand its digital distribution business with capital raised from FreeCreditReport.com founder and Experian CEO Ed Odjana's venture capital fund founded with former Facebook chief privacy officer Chris Kelly.
Odjana will become chairman of GoDigital's board and Kelly, who runs Kelly Investments, will join the board.
"There could be no better moment to secure this influx of capital," Mulvey said in a statement. "Ed and Chris have proven themselves as successful entrepreneurs and I am eager to build a top tier company with their guidance and expertise."
The terms of the investment deal were not disclosed.
GoDigital recently acquired and released films such as the Los Angeles Film Festival documentary "Unravaled" and the 2012 SXSW-premiered "King Kelly" and "The New Year," which was selected by Sundance.
"Chris and I have been impressed with Logan's vision of where digital distribution is headed," Odjana said in a statement.
Kevin Iwashina, the managing partner of Los Angeles-based production company Preferred Content, negotiated the investment.
