Motionbox makes it easy to upload, organize, enhance, and share your personal videos with family, friends & groups. NYC-based Motionbox launched more than a year ago.

Motionbox, today announced that it has closed a $7 million Series B round of funding, led by new investor Constellation Ventures, a unit of Bear Stearns Asset Management. Also participating were Motionbox Series A investors Canaan Partners and SAS Investors.

The Series B round will fund the marketing and product development of the company’s new services and products. On November 13, Motionbox launched Motionbox Premium, the new subscription service that includes unlimited storage and TV-quality downloads, and Motionbooks, new video flipbooks you can make with your personal videos.