Creative Planet Raises $25 Million

Posted on October 25, 1999

Creative Planet, a network of business-to-business websites for content creation professionals, has announced that it has secured an additional $25 million in equity financing. The financing round led by C.C. Entertainment Partners (C.C.E.P.), a strategic partner of Chase Capital Partners, includes WaterView Partners, SunAmerica Ventures, Ares Management, and individual investor Michael Fuchs.

"This commitment made by our new partners will greatly accelerate our roll-out of additional vertical sites and the deployment of key business-to-business functionality," said Allen DeBevoise, Creative Planet's chairman and chief executive officer. "Creative Planet will move one giant step closer to reaching its ultimate goal -- to provide creative content professionals with the most enriching and useful business resources available on the Web."

Currently, Creative Planet operates seven websites for creative content professionals, including VFXPro.com, EditorsNet.com, DesignInMotion.com, MediaTechnology.com, CinematographyWorld.com, TVIndustry.com and DirectorsWorld.com. Visitors to the websites may obtain information and daily news about their field, build relationships with fellow professionals, search job postings, and learn the latest on media technology.