Total amount raised
$90.2 Millions
Latest funding date
11/01/2019
Location
Frame.io has successfully raised significant funding through multiple rounds, culminating in its acquisition by Adobe for $1.3 billion. The platform offers a suite of tools designed to streamline creative workflows, including workflow management, file management, and review and approval processes.
Keep reading to explore the intricacies of Frame.io's fundraising journey and the investors backing this innovative platform.
What Is Frame.io?
Frame.io, founded in 2014 by Emery Wells and John Traver, is a cloud-based video collaboration platform headquartered in New York, New York. The company operates within the computer, iOS, media and entertainment, and video industries.
With an employee count ranging from 101 to 250, Frame.io supports over 1 million media professionals and companies. The platform facilitates efficient and intuitive collaboration by allowing users to upload source media and assets into private workspaces, streamlining the video review and collaboration process.
How Much Funding Has Frame.io Raised?
- Seed Round
- Amount Raised: $2.2M
- Date: October 5, 2015
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The initial seed round was likely aimed at developing and launching the product, as well as gaining initial traction in the market.
- Series A
- Amount Raised: $10M
- Date: September 14, 2016
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The $10 million Series A round was aimed at scaling the business, expanding its customer base, and enhancing the product's capabilities to meet the growing demand for video content creation and collaboration tools.
- Series B
- Amount Raised: $20M
- Date: October 2, 2017
- Lead Investors: FirstMark
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The Series B funding was likely aimed at further expanding the platform's capabilities and scaling operations to better serve media professionals and companies.
- Secondary Market
- Amount Raised: $8M
- Date: April 1, 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: This round was likely aimed at providing liquidity to early investors and employees.
- Series C
- Amount Raised: $50M
- Date: November 26, 2019
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The Series C funding was likely aimed at expanding the platform's capabilities, scaling operations, and enhancing product offerings to better serve media professionals and companies.
Total Amount Raised: $90.2M
Current Valuation: Not publicly disclosed
Key Investors
- Insight Partners
- Details: Insight Partners is a global private equity and venture capital firm investing in growth-stage technology and software companies.
- Investment Focus Areas: Software, Internet, Data
- Notable Investments: Twitter, Shopify, DocuSign
- FirstMark
- Details: FirstMark is a venture capital firm based in New York City, focusing on early-stage technology companies.
- Investment Focus Areas: Technology, Consumer, Enterprise
- Notable Investments: Pinterest, Airbnb, Shopify
- Accel
- Details: Accel is a venture capital firm that invests in early-stage and growth-stage companies.
- Investment Focus Areas: Technology, Internet, Consumer
- Notable Investments: Facebook, Slack, Dropbox
- SignalFire
- Details: SignalFire is a venture capital firm known for its data-driven approach to investing.
- Investment Focus Areas: Data-driven technology companies, often with a focus on early-stage investments
- Notable Investments: Grammarly, Zume Pizza, Lime
- Shasta Ventures
- Details: Shasta Ventures is a venture capital firm that invests in early-stage technology companies.
- Investment Focus Areas: Early-stage technology companies, with a focus on disruptive technologies
- Notable Investments: Nest, Mint, Nextdoor
What's Next for Frame.io?
Frame.io stands at the cusp of significant growth opportunities, driven by the increasing demand for video content across various industries. With high-profile clients like Facebook, Snapchat, and PayPal, the platform is well-positioned to expand its footprint in the corporate world and potentially become a standard tool in Hollywood, thanks to its celebrity investors.
Future fundraising rounds are likely to attract substantial investments, given the platform's rapid adoption and the growing importance of video content. However, Frame.io will need to navigate challenges such as competition from other collaboration tools and the need to continuously innovate to meet user expectations.
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