Total amount raised
$22 Millions
Latest funding date
6/1/2022
Location
Jellysmack has successfully raised significant funding over multiple rounds, attracting notable investors such as Junction Venture Partners and SoftBank Vision Fund.
Keep reading to explore the intricacies of Jellysmack's fundraising journey and the investors backing this innovative platform.
What Is Jellysmack?
Jellysmack, founded in 2016 by Michael Philippe, Robin Sabban, and Swann Maizil, is headquartered in New York, New York. The company specializes in helping content creators grow their communities and maximize their earnings across multiple social media platforms.
Utilizing AI technology and first-party data, Jellysmack optimizes and distributes content, licenses video content for its channels, and offers personalized social video advertising services to brands. Their innovative approach allows creators to save time, take risks, and maximize their value through multi-platform distribution and financial backing.
With a workforce of 1001-5000 employees, Jellysmack continues to expand its reach and impact, boasting impressive stats like 10B+ monthly video views and partnerships with over 500 creators.
How Much Funding Has Jellysmack Raised?
- Seed Round
- Amount Raised: $2M
- Date: March 2017
- Lead Investors: Partech
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the platform and develop initial technology.
- Series A
- Amount Raised: $14M
- Date: September 2018
- Lead Investors: Highland Europe
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and enhance platform capabilities.
- Debt Financing
- Amount Raised: $6M
- Date: March 2019
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational costs and scale the business.
- Series C
- Amount Raised: Not publicly disclosed
- Date: May 2021
- Lead Investors: SoftBank Vision Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand into new markets.
- Series C
- Amount Raised: Not publicly disclosed
- Date: June 2022
- Lead Investors: Junction Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further enhance platform features and support creator economy growth.
Total Amount Raised: $22M
Current Valuation: Not publicly disclosed
Key Investors
- SoftBank Vision Fund
- Details: SoftBank Vision Fund is one of the largest technology-focused venture capital funds in the world, managed by SoftBank Group. It has a global presence and invests in innovative companies across various sectors.
- Investment Focus Areas: Technology, AI, Robotics, Telecommunications, E-commerce
- Notable Investments: Uber, WeWork, ByteDance
- Highland Europe
- Details: Highland Europe is a growth-stage technology investor that focuses on internet, mobile, and software companies. They provide capital and strategic support to help companies scale.
- Investment Focus Areas: SaaS, Fintech, E-commerce, Digital Media, Healthtech
- Notable Investments: WeTransfer, Huel, Malwarebytes
- Partech
- Details: Partech is a global investment firm with offices in Paris, San Francisco, and Berlin. They invest in technology and digital companies at various stages of growth.
- Investment Focus Areas: Fintech, Healthtech, SaaS, E-commerce, Mobility
- Notable Investments: Made.com, Sendinblue, Alan
- Junction Venture Partners
- Details: Junction Venture Partners is a venture capital firm that invests in early-stage and growth-stage companies. They focus on innovative technology-driven solutions.
- Investment Focus Areas: Creative Video Platforms, Technology, Sports Betting
- Notable Investments: Jellysmack, SimpleBet
What's Next for Jellysmack?
Jellysmack stands at the cusp of significant growth opportunities, driven by the increasing demand for video content and the rise of new technologies like AI and data analytics. With its recent funding, the company is well-positioned to enhance its platform, attract more creators, and expand its global footprint.
Future fundraising efforts could be on the horizon as Jellysmack continues to scale and innovate. However, the company may face challenges such as intense competition from other video platforms and the need to keep up with rapidly evolving technology. Ensuring data privacy and maintaining user satisfaction will also be critical as they grow.
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