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NTWRK Secures $50M
NTWRK Secures $50M

Unicorn Nest news

E-Commerce E-Commerce Platforms Internet Media and Entertainment North America Shopping Video Video Streaming

NTWRK Secures $50M

– Ntwrk, a livestream shopping platform that broadcasts 24/7 from a New York City storefront, has raised $50m.
– The round was led by the Goldman Sachs Growth Equity business within Goldman Sachs Asset Management (Goldman Sachs), and global luxury group Kering.
LionTree Partners and Tenere Capital also participated.

Content Creators Developer Tools Media and Entertainment Music Streaming North Africa and the Middle East Video Streaming

StreamElements nabs $100M as it passes 1.1M creators using its platform to build and monetize video content

– Video is at the heart of how people use the internet today, and creators are at the heart of what is being made and watched on video.
– Today, a startup that has built a platform that helps them produce and monetize their work is announcing a big round of funding that underscores just how lucrative and big the creator economy has become.
– StreamElements, which provides production and analytics tools to people who livestream and make video-on-demand for platforms like Amazon’s Twitch, YouTube and Facebook, has raised $100m in funding — money that it will be using to continue building out the tools on its platform, to do more in on-demand alongside a big business in livestreaming and for marketing, specifically to bring more creators to its platform, which is already being used by 1.1m people.

Apps Eastern Asia Journalism Media and Entertainment Mobile News

News aggregator SmartNews raises $230 million, valuing its business at $2 billion

– SmartNews, a news aggregation website and app, raised $230m in Series F funding.
– The round was led by Princeville Capital and Woodline Partners, and joined by JIC Venture Growth Investments, Green Co-Invest Investment, and Yamauchi-No.10 Family Office in Japan.
– Existing investors participated in this round including ACA Investments and SMBC Venture Capital.
– The company plans to develop more features for its U.S. audience that will focus on consumer health and safety.

Analytics Content Crowdfunding Information Services Media and Entertainment North America Sports

Betsperts Closes $6M Series A Funding Round

– Betsperts Media & Technology Group is a Chicago, IL-based sports betting and fantasy sports media company.
– The company raised $6M in Series A funding.
– The round was led by new investors HBSE Ventures and Verance Capital with participation from previous investors such as Parlay Capital Holdings, LLC, Velo Partners, David VanEgmond (Current Founder and CEO of Bettor Capital), and various other angel investors.
– The new investment will be used for product development and expansion into new markets.

Analytics Gambling Gaming Media and Entertainment North America Sports

Chalkline Raises $2.7M in Series A Funding

– Chalkline (formerly Chalkline Sports) from Nashville develops a B2B customer acquisition and retention platform for freeplay and real money games.
– Company raised $2.7m in Series A funding.
– The round was led by Parlay Capital Holdings and Patrick Conroy with participation from Afshin Yazdian; Andrew Braitchouk, Group Finance Director at Sports Media Interactive; and Clay Travis of Fox Bet Live and Outkick.
– The new investment will be used to bolster product development and commercial momentum.

Communities Internet Media and Entertainment North America

Launch House Announces $3 Million in Seed Funding to Create an IRL and URL Community for Founders and Creators

– Launch House has raised $3 million in Seed funding.
– Launch House brings together emerging leaders in the startup and entertainment worlds to live in illustrious mansions around the world.
– Launch House plans to double-down on its community with Season 2, which includes the expansion of the physical Residency program to cities around the globe and launching a Virtual Residency.
– Launch House Creators command audiences totaling over 100M.

Media and Entertainment Video Western Europe Raises €10.25M in Additional Funding

– is a Stockholm, Sweden-based platform which allows users to book personalised video messages from sportspeople, celebrities, actors, and musicians.
– The company raised a further €10.25M in funding.
– Backers include Luxor Capital, FJ Labs (marketplace fund founded by Fabrice Grinda), Spencer Rascoff (co-founder of Zillow Group), Maria Raga (CEO of shopping app Depop), Inbal Leshem (former Operations Director at Groupon), Mats Diedrichsen (former CMO at Delivery Hero), Geoff Cook (CEO of The Meet Group), Ted Chervin (Founding Partner and Board Member at talent agency ICM Partners), Mike Caren (CEO of Artist Partner Group and Creative Officer at Warner Music Group), Andrew Singer (President of Broadway Video Film & Television), Packy McCormick (Founder of the Not Boring newsletter and club), and Todd Lieberman (Partner and Co-Owner of Mandeville Films and Television).
– The company, which has now raised over €20M since being founded in 2019, will use the money to further expand internationally, including to Latin America, and develop new product features (including paid for social media interactions from celebrities).

EdTech Education Film Film Production Media and Entertainment North America

Smashcut Raises $7M in Series A Funding

– Smashcut is a Montclair, NJ-based digital learning platform and content studio.
– The company raised $7m in Series A funding.
– The round was led by Pearson Ventures.
– The new investment will be used to expand the company’s operations and business reach.

Media and Entertainment Mobile North America

Link-in-bio monetization platform Snipfeed raises a $5.5M seed round

– Snipfeed, a link-in-bio business, raised $5.5m in seed funding.
– The round was led by CRV, Abstract Ventures, Crossbeam (Ali Hamed), id8, Michael Ovitz (founder of CAA), Michael Bosstick, Diaspora Ventures and others.
– The company plans to use the funding to expand its team and build out its product.

Gaming Media and Entertainment Western Europe

Live Tech Games Receives £2.5M Minority Investment from ITV

– Live Tech Games, a London, England-based live gaming tech startup, raised £2.5m in funding.
– ITV made the minority investment into the tech startup via the Studio 55 Ventures arm.
– The company intends to use the funds to work with ITV and the UK audience and to create new forms of entertainment direct to consumers’ mobile devices.

Big Data Digital Media Media and Entertainment Photography Social Network Software TV TV Production Video Video on Demand Video Streaming Virtual Reality Western Europe

V-Nova Receives Investment from Neva First

– V-Nova, a London, UK based high-growth company leader in the compression of video and image data, received an investment from Neva First, the alternative investment fund managed by Neva SGR.
– The company closed a €33m Series C funding round.
– The company intends to use the funds to bolster the commercial roll-out of its video compression software.

Digital Entertainment Event Promotion Media and Entertainment North America

Flymachine Raises $21M in Funding

– Flymachine is a San Francisco, CA-based virtual venue for live entertainment which delivers an immersive social experience.
– The company closed $21m in funding.
Greycroft Partners and SignalFire led the round, with participation from Primary Venture Partners, Contour Venture Partners, Red Sea Ventures, and Silicon Valley Bank, as well as angels including music-industry luminaries Coran Capshaw, Bill Silva, Marty Diamond, and Larry Webman, Bay Area concert promoter Another Planet Entertainment, Ben Lovett of Mumford & Sons, WIRED magazine co-founding editor John Battelle, and LionTree Partners.
– The company intends to use the funds to continue to grow its diverse team, expand its network of venue partners, and develop new features for its digital events platform.

Advertising Brand Marketing Digital Marketing Digital Signage Internet of Things Marketing Media and Entertainment North America Outdoor Advertising Software Raises $1M in Pre-Seed Funding

– from Boston provides an OOH Market Network to compete offline with what Google and Facebook offer online.
– Series A $1M round was led by TechFarms Capital with participation from with participation from HubSpot co-founders Brian Halligan and Dharmesh Shah, Wayfund, CEO Mike Volpe, CEO Todd Garland, HubSpot CMO Kipp Bodnar, HappyNest CRO Jeanne Hopkins.
– The new investment will be used to expand operations, accelerate growth and its business reach.

Content Digital Media Media and Entertainment North America

WaitWhat Raises $12M in Series B Funding

– WaitWhat from NYC is a media invention company.
– The company raised $12m in Series B funding.
– The round was led by Raga Partners with participation from Emerson Collective, Lupa Systems, Capital One Ventures, Maywic Select Investments, GingerBread Capital, Burda Principal Investments, Cue Ball Capital and Reid Hoffman.
– The new investment will be used to accelerate development of the company’s technology products, membership programs and partnerships that extend the core IP into multi-format media experiences.

Digital Entertainment Media and Entertainment North America Virtual Reality

Illuminarium Experiences Reaches $100 Million in Initial Funding with Strategic Investment from Eldridge

– Illuminarium Experiences announced today it has received $100m in initial funding, with its newest significant investment from Eldridge.
– The commitment from Eldridge will support the launch of the first-ever Illuminarium in Atlanta, GA, opening July 1, 2021, as well as future global locations.
– Illuminarium’s immersive entertainment venues enable visitors to experience real world, filmed content and authentic, re-created worlds in an environment unlike any other.

Apps Gaming Media and Entertainment Western Europe

Fave, with $2.2 million seed, looks to connect creators with their fandoms

– Fave, a social platform for fans and creators, raised $2.2m in seed funding.
Female Founders Fund, HYBE, Sony Music, Warner Music, Concord Music, Quality Control, Right Hand Management, Techstars Music and Betaworks participated in the round.
– The company is all about the relationship between fans and creators.
– Fave is broken down by fandoms (starting with Swifties/Taylor Swift), allowing fans to connect with one another, create content and buy and sell fan-themed merchandise and artwork to one another.
– Fave’s go-to-market is focused on the fans themselves, though the hope is to also bring creators on to the platform, which ultimately gives them another revenue stream.

Gaming Media and Entertainment North America

Hidden Leaf Games raises $3.2 million on a MOBA gambit called Fangs

– Hidden Leaf Games is making a 3-on-3 multiplayer online battle arena (MOBA) game.
– The team has raised $3.2m for its new game studio.
– CEO David Li and president Bao Lam founded this L.A.-based startup.
– Both are veterans from Riot Games, PUBG, and other studios.
– The design team’s led is Steve “Guinsoo” Feak, whose custom Warcraft III map DotA: All Stars helped define the MOBA genre and inspired smash hits such as League of Legends and Dota 2.
– They’re working on a new action MOBA called Fangs, which will have strategic real-time gameplay, a diverse roster of characters, and session-based rounds set in an arena.

Advertising Marketing Media and Entertainment North America

MoviePass co-founder’s PreShow Interactive raises $3M to expand into gaming

– PreShow Interactive, a startup that provides gamers with virtual currency in exchange for watching ads, raised $3m in seed funding.
– The round was led by Harlem Capital and joined by Canaan Partners, Wavemaker Partners, Front Row Fund, ROC Fund, BK Fulton and Monroe Harris.
– The company is led by MoviePass’ founding CEO Stacy Spikes.

Audio Media and Entertainment North Africa and the Middle East Podcast Software

Podcast recording platform raises $9.5M

–, a remote video and audio platform, raised $9.5m in Series A funding.
– The round was led by Seven Seven Six and featured, Casey Neistat, Marques Brownlee, Guy Raz, Elad Gil and Alexander Klöpping.
– The company plans to use the money to increase headcount and build out more features for the service.

Media and Entertainment Music North America Podcast Sponsorship Video

Patreon Fuels the Future of the Creator Economy with $155 Million in Additional Funding

– Patreon, a platform for creators and their most passionate fans, today announced it has raised $155 Million in Series F financing led by new investor Tiger Global Management, with participation from Woodline Partners and existing investors Wellington Management, Lone Pine Capital, New Enterprise Associates (NEA), Glade Brook Capital, and DFJ Growth.
– This investment comes as the number of creators continues to increase worldwide along with their desire to create deeper connections with their fans.
– The additional investment increases Patreon’s valuation to $4 billion.
– Patreon plans to use the additional funds to accelerate its progress on the initiatives identified in its Series E announcement, including enhanced creator and fan experiences on both desktop and mobile; International expansion; and new content consumption tools.
– The financing also allows Patreon to explore potential acquisitions to further expand its talent and product capabilities.

Audio Marketing Media and Entertainment Music Music Label North America

UnitedMasters Secures $50M Series B

– UnitedMasters, an independent music distribution platform and tool factory, has raised a $50m Series B round led by Apple.
A16z and Alphabet are participating again in this raise.
– United Masters is also entering a strategic partnership with Apple alongside this investment.

Information Technology Marketplace Media and Entertainment North America Social Media

Cameo Pulls In $100M Series C Financing

– Cameo has raised $100m in a Series C financing that values the company at over $1b.
– The financing was led by, with participation from Origin Ventures, Softbank, Google Ventures, UTA Ventures, Amazon’s Alexa Fund, other institutional investors, and several celebrities, athletes, and entertainers including legendary skateboarder Tony Hawk.
– Previous investors Lightspeed Venture Partners, Kleiner Perkins, Spark Capital, and The Chernin Group also participated.

Developer Platform eSports Gaming Media and Entertainment Mobile Mobile Apps Mobile Payments North America Social Network Software Video Games

Ryu Games raises $2.3M, betting that cash tournaments for mobile games are the future

– Ryu Games, a startup that helps developers add cash tournaments to their mobile games, announced this morning it has raised $2.3 million in a seed round.
– The funds came from a number of investors, including Side Door Ventures, MGV Capital, Velo Partners and Citta Ventures.
– In addition, 500 Startups participated in the round.
– TechCrunch first caught wind of Ryu during its participation in the most recent 500 Startups demo day.
– At the time, we were enthused by the idea of gamers wagering money to go head-to-head with other players on mobile devices.
– Investors appear to back our first impression of the company.

Digital Entertainment Digital Media Europe Media and Entertainment Music Music Streaming Video

Epidemic Sound Raises $450M Funding at $1.4 Billion Valuation

– Epidemic Sound is a Stockholm, Sweden-based platform for restriction-free music.
– The company raised $450m in funding at a $1.4b valuation.
– Backers included funds managed by Blackstone Growth and EQT Growth.
– The new investment will be used to expand the company’s business reach internationally to reach new creators in both existing territories like North America whilst also localizing its digital offering and to invest in the core user experience it offers.

Collaboration Media and Entertainment Music North America

Splice Raises $55M in Funding

– Splice is a New York-based provider of an AI-powered beat-making software platform for MUSIC producers.
– The company raised $55m in funding.
– Backers included Goldman Sachs and MUSIC, a joint venture between MUSIC executive Matt Pincus and Liontree.
– The company intends to use the funds to continue to expand operations and its business reach.

Europe Media and Entertainment Video

Celebrity video platform Memmo raises $10M

–, a startup allowing users to pay celebrities for personalized video messages, is announcing that it has raised $10 million in Series A funding.
– The round was led by Left Lane Capital, with the firm’s founder and managing parter Harley Miller joining the Memmo board.
– Delivery Hero co-founder Lukasz Gadowski, FJ Labs, Depop CEO Maria Raga, Zillow co-founder Spencer Rascoff, former Groupon operations director Inbal Leshem, Voi Technology co-founder Fredrik Hjelm, former Udemy CEO Dennis Yang and Wolt co-founder Elias Aalto also participated.

Europe Media and Entertainment Video Raises $10M in Series A Funding

– is a Stockholm, Sweden-based provider of a video greeting platform that connects celebrities one-to-one with fans and businesses.
– The company raised $10M in Series A funding round.

Artificial Intelligence Content Discovery Enterprise Software Film Internet Machine Learning Media and Entertainment North America TV

WOC-Led Venture Capital Firm Fearless Fund Backs Data Analytics Platform Streamlytics

– The data platform, which quietly joined Fearless Fund’s portfolio last fall, was founded by technology and diversity pioneer Angela Benton in 2018.
– Streamlytics unifies and protects the troves of data produced by consumers across their digital footprint.
– This investment marks a milestone in Fearless Fund’s efforts to not only support WOC-founded businesses but also close the gap between the minority women who account for 89% of new businesses opened every day and the less than 1 percent of WOC-businesses who receive funding.

Audio Broadcasting Media and Entertainment North America Podcast Social Media Software Web Apps

Zencastr raises $4.6M as its beta video offering goes live for all

– Zencastr, a podcasting startup, raised $4.6m in funding.
– The round was led by Upfront Ventures and joined by Greycroft, Lerer Hippeau, and others.
– The company plans to use the funding to expand its team and develop new features.

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