Comedy Focused JibJab Nabs New Investor
JibJab, a comedic content startup known for social clips involving celebrities and politicians, just landed a new investor.
St. Cloud Capital announced that it is making an investment in the Los Angeles based company. The exact details of the transaction were not disclosed. JibJab joins St. Clouds’ other investments including Burke Williams, CS Mining, Bravo Sports and Renters Warehouse.
“JibJab has been on a mission of making billions of people happy since 1999,” said Paul Hanges, CEO of JibJab in a statement. “In that time, we have evolved to become the go-to source for personalized expression both on the web and in our mobile apps. As the landscape of digital sharing and messaging platforms continues to grow, so does our opportunity to help millions of more people be funny online-and our partnership with St. Cloud will help us accelerate and execute upon that vision.”
Adds Ben Hom, Managing Partner of St. Cloud Capital, “We believe the Company’s unique offerings have allowed it to outperform other industry competitors. We look forward to working with Catapult, Paul and the JibJab team to maximize value during our partnership and expanding the Company’s global brand.”
JibJab, founded by brothers Evan and Gregg Sprindellis, currently offers comedic e-cards, messaging and other content, but they were previously known as creators of viral videos focusing on U.S. politics, featuring former presidents George W. Bush, Barack Obama, Bill Clinton and other political figures. Celebrities and other notables like Tom Cruse, Miley Cyrus and Lindsay Lohan have also been featured in their videos which got copious exposure on TV news networks and other media.
Catapult Capital partnered with St. Cloud in this transaction.