VideoBlocks, a stock footage marketplace with clients like NBC, MTV, and Discovery Channel, announced today that it received $8 million from North Atlantic Capital in its latest funding round.
The subscription-based company gives its users "unlimited downloads of studio quality" video for $99 a year.
"VideoBlocks pairs a healthy, growing core business with a highly disruptive new marketplace model that is already producing some incredible results," said North Atlantic Capital partner Mark Morrissette.
The funds will be used to expand its new "artist-friendly video marketplace," which pays 100 percent commission to its contributors.