Motionbox, a video-sharing site focused on trusted family use, said it has raised $7 million in a second round of financing.
Motionbox is one of several companies that is turning away from the YouTube model and the public expression that comes with it. It lets you shoot video, upload it to its Web site and then edit it — and the share it privately with family and personal friends. OneTrueMedia is a similar company, by Kleiner Perkins (see our coverage).
The Motionbox round was led by new investor Constellation Ventures, a unit of Bear Stearns Asset Management, and previous investors Canaan Partners and SAS joined in. The company said the round was raised at a higher value than its initial round.
Motionbox launched a free service last year, which lets you upload 100 megabytes per video, and store 300 megabytes. On November 13, Motionbox launched “Motionbox Premium,” the subscription service of $29.99 that includes unlimited storage and “TV-quality” downloads for watching on various devices. It also launched Motionbooks, video flipbooks you can make with your personal videos.The service will eventually cost $34.99 a year