Total amount raised
$46.8 Million
Latest funding date
4/1/2022
Location
VideoVerse has successfully raised funding over 10 rounds, with the most recent investors being Evolvence India Fund and Bluestone Equity Partners. The company has also made strategic investments, including a Pre Seed Round in TheLightbulb.Ai.
Keep reading to explore the intricacies of VideoVerse's fundraising journey and the investors backing this innovative platform.
What Is VideoVerse?
VideoVerse is a private company based in Los Angeles, California, specializing in AI-powered video solutions. The company operates in various industries, including AI, generative AI, media and entertainment, sports, video, and video editing.
With an employee count of 251-500, VideoVerse has revolutionized video content creation and distribution through its innovative technologies. Their flagship product, Magnifi, enhances viewership and engagement for sports broadcasters, OTT platforms, news, and entertainment industries.
How Much Funding Has VideoVerse Raised?
- Pre Seed Round
- Amount Raised: USD 150,000
- Date: June 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and initial product development.
- Seed Round
- Amount Raised: USD 400,000
- Date: April 2020
- Lead Investors: Inflection Point Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the product and expand the team.
- Seed Round
- Amount Raised: USD 1,000,000
- Date: May 2020
- Lead Investors: SOSV
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the product and enter new markets.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: June 2021
- Lead Investors: 100Unicorns
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product features and increase market penetration.
- Series A
- Amount Raised: USD 11,750,000
- Date: October 2021
- Lead Investors: Moneta Ventures, Baring Private Equity India, Binny Bansal, Ventureast
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To build a strong US tech and sales team and set up a data science and machine learning team in Israel.
- Non-Equity Assistance
- Amount Raised: Not publicly disclosed
- Date: January 2022
- Lead Investors: Google for Startups
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To receive strategic support and resources from Google for Startups.
- Series B
- Amount Raised: USD 46,800,000
- Date: April 2022
- Lead Investors: A91 Partners, Alpha Wave Global, Binny Bansal
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen teams in India and internationally, enhance technology, build new products, and expand global market share.
- Series B
- Amount Raised: Not publicly disclosed
- Date: June 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling operations and product development.
- Series C
- Amount Raised: Not publicly disclosed
- Date: December 2023
- Lead Investors: Bluestone Equity Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand global market presence and enhance product offerings.
Total Amount Raised: USD 60,100,000
Current Valuation: Not publicly disclosed
Key Investors
- Bluestone Equity Partners
- Details: Bluestone Equity Partners is a private equity firm that recently invested in VideoVerse during its Series C funding round. The firm focuses on providing growth capital to companies in various sectors.
- Investment Focus Areas: Technology, media, entertainment.
- Notable Investments: Not publicly disclosed.
- A91 Partners
- Details: A91 Partners is a venture capital firm that invests in high-growth companies. The firm led the Series B funding round for VideoVerse.
- Investment Focus Areas: Technology, consumer, healthcare, financial services.
- Notable Investments: Sugar Cosmetics, Digit Insurance, Pushp.
- Alpha Wave Global
- Details: Alpha Wave Global is a global investment firm focusing on technology and growth-stage companies. They were a key investor in VideoVerse's Series B funding round.
- Investment Focus Areas: Technology, software, internet, consumer technology.
- Notable Investments: Uber, Alibaba, Byju's.
- Binny Bansal
- Details: Binny Bansal is the co-founder of Flipkart and a prominent investor in technology startups. He has invested in multiple funding rounds for VideoVerse.
- Investment Focus Areas: Technology startups, e-commerce, innovative tech solutions.
- Notable Investments: Acko, CureFit, Ninjacart.
- Google for Startups
- Details: Google for Startups provides resources and support to startups globally. They participated in the non-equity assistance round for VideoVerse.
- Investment Focus Areas: Technology, AI, cloud computing.
- Notable Investments: Not publicly disclosed.
What's Next for VideoVerse?
VideoVerse stands at the cusp of significant growth opportunities, driven by the explosive demand for video content and AI-driven editing solutions. With a recent $46.8 million Series B funding, the company is poised to strengthen its teams globally, enhance its technology, and expand its market share. The potential for future fundraising remains high as VideoVerse continues to innovate and attract investor interest.
However, the path forward is not without challenges. The company must navigate the complexities of video technology, manage large files, and stay ahead in a competitive industry. Continuous innovation and scaling operations will be crucial to maintaining their market position and meeting consumer demands.
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