The company develops interactive tools for managing communities and creating revenue for streaming content creators.
StreamElements, which develops interactive tools for managing communities and creating revenue for streaming content creators, today announced the completion of a $100 million financing round. The round was led by SoftBank with the participation of PayPal, MorTech and previous investors State of Mind Ventures (SOMV), Pitango First, Menorah Mivtachim and Mivtach Shamir. All the funds will be for investment with no secondary offerings from current shareholders.
RELATED ARTICLES
Israeli live-streaming co StreamElements raises $11.3m
StreamElements was founded in Israel in 2017 by Or Perry, president Doron Nir, CEO Gil Hirsch and CTO Reem Sherman in order to help content producers concert their passion into revenue generating work. To achieve this the company has developed tools in such areas as production, alerts, chat-bots, online stores, and tips. The company had previously raised $15 million.
StreamElements currently has 170 employees including 70 in Israel. The company has hired 100 of its employees over the past year. This latest financing round will speed up development of its tools, accelerate growth and allow the company to continue the expansion of its work force. As part of product development, the company will focus developing tools that will help content creators to increase their revenue in new ways with streaming and VOD platforms, and which will strengthen the connection between content creators and their communities and will encourage new talents to join and use the platform.
Published by Globes, Israel business news – en.globes.co.il – on September 22, 2021
Copyright of Globes Publisher Itonut (1983) Ltd. 2021
Raising funds Photo: Shutterstock
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.
Denial of responsibility! NewsBit.us is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
