– USA, TX – Restream, the leading multiplatform live streaming solution, today announced it has raised $50 million in Series A financing led by Sapphire Ventures and Insight Partners.
Paul Levine, Managing Director at Sapphire Ventures, and Teddie Wardi, Managing Director at Insight Partners, will also join its board of directors.
Restream will use the new capital to expand the company’s product offerings and continue to grow its global footprint, following 300 percent growth since January.
In addition, Restream is launching Restream Studio, a broadcasting production center that makes live streaming across social platforms as easy as hosting a Zoom call.
Restream Studio enables businesses to broadcast live content from the cloud to millions of viewers across more than 30 social platforms, including Facebook, LinkedIn, Twitch, Twitter, and YouTube. Creators are able to brand content by adding overlays, logos and watermarks, as well as use Restream Chat and Analytics to engage with their community in real-time.
Alex Khuda, co-founder and CEO of Restream: “As the world shifts entirely to online and virtual, live streaming has become an essential way for creators and brands to engage their communities around the world. This year, we’ve seen our growth skyrocket. Live streaming is now critical to every organization’s social media strategy. Our mission has always been to make it super easy to go live on all your social platforms and with this new investment, we will continue to bring new, powerful solutions like Studio to market to support our quickly growing community of creators and businesses.”
Restream has a community of more than 2 million live streamers broadcasting an average of 8 million live streams per month. In April 2020, the World Health Organization streamed the One World: Together at Home charity concert via Restream and on television networks worldwide, drawing more than 270 million viewers. As of July 2020, broadcasters using Restream have reached more than 750 million monthly views, a more than 300 percent increase since January.
Paul Levine, Managing Director at Sapphire Ventures said: “Long before remote work and life became the norm, Restream’s multistreaming platform had become essential to many creators, companies, entertainers, influencers and anyone that needs to broadcast to wide audiences across social channels such as Twitch, Facebook, Twitter, YouTube, LinkedIn and more. In just a few years, co-founders Alex Khuda and Andrew Surzynskyi built a product that’s become a valuable tool for content creators and marketers to maximize the audience for their live video. Accelerated by COVID, I believe Restream has a significant market opportunity, and I’m excited to partner together on the journey ahead.”
Teddie Wardi, Managing Director at Insight Partners added: “Restream’s 300% growth since January illustrates the value of their software for Fortune 500 companies to be able to communicate directly to their audiences in today’s virtual world. Starting with the gaming community, Alex and Andrew quickly recognized the potential for Restream’s technology to engage audiences in a variety of settings and scale their platform globally. Now, with their suite of leading-edge streaming tools such as schedule, chat, and analytics, global brands and content creators are able to seamlessly connect and communicate with their audiences. We are excited to partner with Restream at this exciting time as they launch Restream Studio and continue to expand their product offerings.”
About Restream:
Restream is the leading multiplatform live streaming service, combining a professional-grade streaming studio—including branded live streams, analytics, and audience engagement tools—with the ability to stream simultaneously to 30+ top social platforms, including YouTube, Facebook, Twitter, LinkedIn, Twitch, and more. Founded in Ukraine in 2015, Restream’s user base has expanded from gamers to a diverse and massive community of 2M+ creators including Fortune 500’s, technology companies, SMB’s, media and entertainment firms, politicians, celebrities, influencers, etc. Restream has raised over $50M from investors including Sapphire Ventures, Insight Partners, Silverton Partners, Anorak Ventures, Liquid 2, Colopl Next, Mana Ventures, Iskra Ventures among others. The total number reflects a combination of primary capital and an existing share acquisition by Sapphire Ventures and Insight Partners. Restream has a global community in 80+ countries with headquarters in Austin, Texas, and a tech and product team in Kyiv, Ukraine.
For more information: https://restream.io/
About Sapphire Ventures:
Sapphire Ventures is a venture capital firm focused on helping innovative technology companies become global category leaders. Leveraging nearly two decades of experience and an extensive global executive network, Sapphire invests capital, resources and expertise to enable its portfolio companies to scale rapidly through powerful business development, marketing and talent platform. With approximately $4 billion in assets under management across its Sapphire Ventures, Sapphire Partners and Sapphire Sport investment platforms, Sapphire is positioned to elevate companies across technology sectors to the global stage.
For more information: https://sapphireventures.com/
About Insight Partners:
Insight Partners is a leading global venture capital and private equity firm investing in high-growth technology and software ScaleUp companies that are driving transformative change in their industries. Founded in 1995, Insight Partners has invested in more than 400 companies worldwide and has raised through a series of funds more than $30 billion in capital commitments. Insight’s mission is to find, fund, and work successfully with visionary executives, providing them with practical, hands-on software expertise to foster long-term success. Across its people and its portfolio, Insight encourages a culture around a belief that ScaleUp companies and growth create an opportunity for all.
For more information: https://www.insightpartners.com/
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