Film-Focused Social Media Platform Letterboxd Sells 60% Stake to Venture Capital Firm Tiny
The Deal Values Letterboxd at Over $50 Million; Founders Emphasize Growth and Community
Established in 2011, Letterboxd was a rare independently owned social network catering to film enthusiasts. During the COVID-19 pandemic lockdowns, it experienced significant growth as homebound users sought new movies to stream and engage in film-related communities. The platform provided a clutter-free alternative to Amazon-owned IMDb, offering users the ability to write and read reviews, rate films, create watch lists, and connect with fellow movie enthusiasts.