Illumination Raises $5B in Private

Illumination has successfully raised $5B in a Private at a $7B valuation led by Private.

Company Overview

Illumination is a Entertainment company headquartered in 100 Universal City Plaza, Universal City, CA 91608, founded in 2007 with 75+ employees.

Animation studio

Fundraising Details

Amount Raised: $5B
Round Type: Private
Valuation: $7B
Date: 2024-01-01
Investors: Private

About Illumination

Animation studio The company is positioned in the Entertainment sector, serving a growing market with innovative solutions.

Key Information

Headquarters: 100 Universal City Plaza, Universal City, CA 91608
Founded: 2007
Team Size: 75+
Industry: Entertainment

What This Means

This funding round demonstrates strong investor confidence in Illumination's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Entertainment sector continues to attract significant investment as companies innovate to meet evolving market demands. Illumination's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $7B valuation marks an important milestone for Illumination, positioning the company among notable players in the Entertainment industry.

Looking Ahead

With this new capital, Illumination is well-positioned to execute on its growth strategy and continue building innovative solutions in the Entertainment space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-01-01. For more information about Illumination, visit their headquarters at 100 Universal City Plaza, Universal City, CA 91608.