Exactuals Gets $10M

Los Angeles-based Exactuals has raised $10M in a Series A funding, for a new software-as-a-service to handle residuals, royalties, and other complex payments for the film, TV, music, and entertainment market. The funding was led by City National and TTV Capital, and also included Stanford-StartX Fund, S-Cubed Capital, Palo Alto Venture Partners, Skyview Fund, The Strand Partners, Temerity Capital, and angel investors Russell Siegelman, Mark Leslie, Steve Dow, and John Svoboda. Exactuals announced the round, along with a deal with the entertainment industry union, SAG-AFTRA, to offer up direct deposit of residual payments to its 160,000 members. Exactuals is led by Mike Hurst.