Web TV: My Damn Channel Blessed With $4.4M

My Damn Channel, the home of web series classics like Wainy Days and You Suck at Photoshop, has closed a $4.4 million Series B financing round. The investment is lead by Intuitive Venture Partners, with original Series A investors Okapi Venture Capital and Sunshine Wireless Company also chipping in.


"We focus on controlling costs and earning real revenues from repeat customers. We work with the best partners to offer the most powerful monetization force ever created: great content," CEO Rob Barnett said in the announcement.


That $4.4 million will go towards adding additional sales and business development personnel, including a new VP of Business Development and a Director of Advertising and Branded Entertainment. This will increase the total size of MDC's staff to, in Barnett's words via email, "Something insanely huge like TEN people! We never wanted to overdo it before we knew we could make this work. It's working. We're growing. Amen."


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