Endeavor has invested in content creation platform Tongal. The entertainment, sports and content company, which had been using Tongal for several months to develop video content, podcasts and series, participated in a $13 million financing round that was led by venture capital and private equity firm Insight Partners.
Tongal, which was founded in 2009, is a collaborative work platform where brands and content companies can commission projects from independent creators.
Its partners include NBCUniversal, National Geographic, The LEGO Group, NASA and other brands. It also recently partnered with Simon Cowell and his son, Eric, to create children's franchise Wishfits.
Read more on billboard.com