Plex, a 12-year-old streaming provider with a unique combination of third-party access and management tools for users’ media assets, has raised $50 million in growth equity.The funds come from one of its existing backers, Intercap.As part of the round, Intercap chairman and CEO Jason Chapnik has joined the board of directors as chairman and Intercap president James Merkur has also gotten a board seat.The financing includes about $15 million in new capital for Plex, with the remainder used to buy shares and options from employees and shareholders.
The company said it hopes the injection of capital will enable it to move closer to being a “one-stop shop” for streaming media.“Content providers, creators, and consumers are all paying the price
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