Unicorn Nest news
Genvid Holdings Raises $113M in Series C Funding
– Genvid is a NYC-based provider of interactive livestreaming technologies and services.
– Company announced $113m Series C funding.
– The round was co-led by existing investors Valor Equity Partners and Atreides Management with participation from new investors Third Point Ventures, Cobalt Capital, LightShed Ventures, XN, and Lux Capital, existing investors Galaxy Interactive, Horizons Ventures, OCA Ventures (via OCA’s new growth equity fund), and Makers Fund and strategic partners Huya, NTT DOCOMO Ventures, and Samsung Ventures.
– The company intends to use the funds to establish Genvid Entertainment LLC, a new publishing subsidiary dedicated to producing Massive Interactive Live Events.
Unicorn Nest news
Avatour Raises $2.9 Million, Extending Market Leadership in New Remote Site Meetings Category
– Avatour, the remote collaboration platform for site meetings, announced a $2.9 million seed round led by Ulu Ventures.
– The funding will enable Avatour to scale its category-defining technology and expand into new markets internationally.
– Other participants in the round include Merus Capital, NTT Docomo Ventures, Plug & Play Ventures, and 500 Startups.
– The Avatour platform combines real-world 360-degree capture, real-time communication, and optional VR/AR technology to immerse remote users in a location as if actually present.
– This combination of visual realism and effortless conversation results in a superior means of collaboration between remote users and on-site personnel, saving money while increasing productivity.