Total amount raised
$450 Million
Latest funding date
1/1/2021
Location
Vimeo has successfully raised funding over two rounds, with the latest being a Private Equity round. The platform is backed by investors including Oberndorf Enterprises and T. Rowe Price.
Keep reading to explore the intricacies of Vimeo's fundraising journey and the investors supporting this innovative video platform.
What Is Vimeo?
Vimeo is a prominent video platform based in New York, New York, United States. It operates in the file sharing, software, video, and video streaming industries. The company has a significant workforce, with an employee count ranging from 1001 to 5000.
Founded to provide tools for hosting, live streaming, and secure distribution, Vimeo has grown to offer a comprehensive suite of video solutions. These include customizable video players, ad-free hosting, in-browser video editing, and AI-powered features like video translation and SEO optimization. The platform serves a diverse range of users, from individual creators to large enterprises.
How Much Funding Has Vimeo Raised?
- Private Equity Round - November 2020
- Amount Raised: USD 150,000,000
- Date: November 2020
- Lead Investors: GIC, Thrive Capital
- Valuation at Round: USD 2.75 billion
- Motivation Behind the Round: To support growth and increase valuation ahead of the next funding round.
- Private Equity Round - January 2021
- Amount Raised: USD 300,000,000
- Date: January 2021
- Lead Investors: Oberndorf Enterprises, T. Rowe Price
- Valuation at Round: USD 6 billion
- Motivation Behind the Round: To accelerate investments in growth, innovation, and talent, and to prepare for a planned spin-off into a separately traded company.
Total Amount Raised: USD 450,000,000. Current Valuation: USD 6 billion.
Key Investors
- Oberndorf Enterprises
- Details: Oberndorf Enterprises is a private investment firm that focuses on long-term investments in various sectors. The firm manages the assets of the Oberndorf family.
- Investment Focus Areas: Technology, healthcare, education
- Notable Investments: Not explicitly detailed in the sources
- T. Rowe Price
- Details: T. Rowe Price is a global investment management firm that provides a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors.
- Investment Focus Areas: Technology, healthcare, financial services
- Notable Investments: Amazon, Google, Facebook
- GIC
- Details: GIC is a sovereign wealth fund established by the Government of Singapore to manage its foreign reserves. It is one of the world's largest global investors.
- Investment Focus Areas: Real estate, private equity, infrastructure
- Notable Investments: Not explicitly detailed in the sources
- Thrive Capital
- Details: Thrive Capital is a venture capital firm that invests in internet and software companies. It was founded by Joshua Kushner in 2009.
- Investment Focus Areas: Internet, software, technology
- Notable Investments: Instagram, Stripe, Slack
What's Next for Vimeo?
Vimeo stands at the cusp of significant growth opportunities, driven by its strategic shift towards providing professional-quality video tools for businesses. With over 200 million users and 1.5 million paying subscribers, the platform is well-positioned to expand its market presence and leverage the increasing demand for video communication and remote work solutions.
As Vimeo prepares for its spin-off into an independent public company, the potential for future fundraising is substantial. The new "pure-play" equity currency will make it easier to attract investors and secure additional capital to fuel growth, innovation, and international expansion. However, Vimeo will need to navigate challenges such as intense competition and the pressures of maintaining growth and innovation post-spin-off.
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