Total amount raised
$52.5 Million
Latest funding date
7/1/2021
Location
InVideo has successfully raised funding over five rounds, with the latest being a Series B round. The company is backed by 15 investors, including Base Partners and Adept Ventures.
Keep reading to explore the intricacies of InVideo's fundraising journey and the investors backing this innovative platform.
What Is InVideo?
InVideo, based in San Francisco, California, is a prominent player in the video creation and editing industry. The company leverages artificial intelligence to offer a suite of tools that simplify the video production process, catering to various platforms like YouTube, Instagram, Facebook, and TikTok.
Founded with the vision of making video creation accessible and efficient, InVideo has grown to employ between 101-250 people. The platform's advanced AI features, including AI Avatars, Voice Cloning, and Video Translation, make it a versatile tool for users across different sectors.
How Much Funding Has InVideo Raised?
- Seed Round (May 2018)
- Amount Raised: Not publicly disclosed
- Date: May 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial funding to develop the platform and launch the product.
- Seed Round (October 2019)
- Amount Raised: Not publicly disclosed
- Date: October 2019
- Lead Investors: Surge
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and increase user acquisition.
- Seed Round (February 2020)
- Amount Raised: USD 2,500,000
- Date: February 2020
- Lead Investors: Peak XV Partners, Surge
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial growth and development of the platform.
- Series A (October 2020)
- Amount Raised: USD 15,000,000
- Date: October 2020
- Lead Investors: Peak XV Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To build out a collaborative, cross-device video creation suite and accelerate product development.
- Series B (July 2021)
- Amount Raised: USD 35,000,000
- Date: July 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale the platform and enhance AI capabilities.
Total Amount Raised: USD 52,500,000
Current Valuation: Not publicly disclosed
Key Investors
- Sequoia Capital India
- Details: Sequoia Capital India is a venture capital firm that invests in early and growth-stage companies across various sectors in India and Southeast Asia.
- Investment Focus Areas: Technology, consumer, healthcare
- Notable Investments: Byju's, Zomato, OYO Rooms, Freshworks
- Tiger Global
- Details: Tiger Global is an investment firm that focuses on private and public companies in the global Internet, software, consumer, and financial technology industries.
- Investment Focus Areas: Internet, software, consumer, financial technology
- Notable Investments: Flipkart, Ola, LinkedIn, Facebook
- Hummingbird
- Details: Hummingbird is a venture capital firm that invests in early-stage technology companies.
- Investment Focus Areas: Technology startups
- Notable Investments: Deliveroo, Klarna, Peak Games
- RTP Global
- Details: RTP Global is a global venture capital firm that invests in early-stage technology companies.
- Investment Focus Areas: Technology, AI, fintech, software
- Notable Investments: Delivery Hero, Yandex, Cred
- Base Ventures
- Details: Base Ventures is a seed-stage venture capital firm.
- Investment Focus Areas: Technology startups at the seed stage
- Notable Investments: Stitch Fix, StyleSeat, InVenture
What's Next for InVideo?
InVideo stands at the cusp of significant growth, driven by the burgeoning demand for video content across social media platforms. With a user base of over 800,000 from more than 150 countries, the company is well-positioned to capitalize on a $10 billion market. The development of mobile applications and enhanced collaboration tools are set to broaden its reach and functionality.
Future fundraising opportunities appear promising, given the successful Series A round led by Sequoia Capital India. As InVideo continues to expand its user base and enhance its platform, it is likely to attract further investments to support its ambitious growth plans. However, the company must navigate challenges such as intense competition and the need to maintain high service quality while scaling.
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