Internet, Digital Media & Entertainment

SA&M Client Laugh Radio Raises $2.25M in Series Seed Financing

By January 23, 2017 No Comments

Stubbs Alderton & Markiles’ client Laugh Radio, creators of Laugh.ly a stand up comedy streaming service, announced this month that it has raised $2.25 million in their Series Seed financing round. Laugh.ly had previously raised funds through a SAFE note (the less complicated replacement for a convertible note.) The note included $750,000 from the founders, and $1.5 million from investors. Investors included  New York Angels, Shark Tank’s Barbara Corcoran, the Wharton Alumni Angel Network, Social+Capital, Backstage Capital, Treehouse Capital, Accelerator Ventures and Atlas Holdings. Congratulations Laugh Radio on this success !

To read the full press release click here.

Stubbs Alderton attorney representing Laugh Radio in this transaction was Greg Akselrud.

About Laugh Radio
Laugh Radio is changing the way people experience stand up comedy. Their mobile app, Laugh.ly, launched in August 2016 and it will allow big and small name comedians to grow and monetize their fan base. The company has lined up more than 400 comedians whose content will stream on its app, and a total of 20,000 individual tracks. Described as something of a Pandora for comedy, the app can create personalized “radio” stations of comedy, in addition to offering on-demand listening. To check out the app and download Laugh.ly click here.

For more information about our Internet, Digital Media & Entertainment practice, contact Greg Akselrud at gakselrud@stubbsalderton.com.