COMPANY INFO
A24 Films LLC, commonly known as A24, is an American independent entertainment company founded on August 20, 2012, by Daniel Katz, David Fenkel, and John Hodges. The company specializes in film and television production and distribution, employs around 295 people as of 2021, and is headquartered in Manhattan, New York City, with its website at a24films.com.
A24 Films LLC is an American independent entertainment company founded in 2012 by Daniel Katz, David Fenkel, and John Hodges. Operating in the Movies, Music, and Entertainment industry, A24 specializes in producing and distributing acclaimed films and television projects. With its headquarters located in Manhattan, New York City, and a dynamic team of around 295 employees as of 2021, A24 has become synonymous with cutting-edge, original storytelling and has played a significant role in reshaping modern independent cinema.
A24 Films LLC funding history reflects a strategic and measured approach to growth. The company has successfully raised a total of $300 million over three funding rounds. Their blend of private equity and seed funding has supported expansion, allowed them to pursue big-budget projects, and maintain creative independence. Notable milestones include significant investments in 2022 and 2024, which boosted their valuation from $2.5 billion to $3.5 billion. A24 Films LLC funding rounds have helped the company broaden its content slate, adapt to evolving industry shifts, and continue to produce award-winning content.
This most recent round was aimed at supporting A24 Films LLC's push into more commercial content and facilitating bigger budget projects. The funding, led by Thrive Capital, also marked a notable valuation increase for the company to $3.5 billion.
This earlier private equity round was focused on financing growth and addressing speculation around a potential sale. Led by Neuberger Berman and Stripes, the fresh capital enabled A24 to maintain its independence and continue innovating in content creation and distribution.
The initial seed funding, led by Eldridge Industries, was used to launch A24 Films LLC and establish its core operations. The round provided the foundation for its early projects and entry into the independent entertainment space.
Thrive Capital led the June 2024 private equity round, investing $75 million to drive A24 Films LLC's move toward more commercial content and support larger-scale productions. Thrive Capital’s involvement reflects confidence in A24's future and growth strategy.
Stripes played a key role as a lead investor in the $225 million round of March 2022, providing growth capital that enabled the company to expand its operations and reinforce its market presence.
Neuberger Berman was a lead investor in the March 2022 funding round. Their investment helped to finance A24’s growth and further established the company’s valuation within the independent entertainment sector.
Eldridge Industries was instrumental as the lead investor in A24 Films LLC's seed round in 2013. Their support facilitated the company’s launch and laid the groundwork for its future successes.
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