Toronto-based Street Contxt has raised a round of financing by a strategic funding consortium led by existing investor Joe Lonsdale of 8VC, and including an investment by Point72 Ventures, the early-stage venture capital strategy of Point72 Asset Management. The round also includes New York-based Palm Drive Capital and Portag3 Ventures.
Will it be Disney’s latest animated flick? Or a new RomCom starring Emma Stone? The billion plus dollar business of making movies is always a bit of a guessing game, with Hollywood studios typically spending big money on ventures that essentially are a huge gambles of luck.