StreamElements, a Palo Alto, Calif.- and Tel Aviv, Israel-based production platform for live-streaming, raised $11.3m in Series A funding.
The round was led by Pitango VC and previous investors State of Mind Ventures, Rainfall VC, Samsung Next and others.
The company intends to use the funds to expand features and the adoption of its platform and to grow its global Brand Partnership team.
Founded in 2017 by Or Perry, Doron Nir and Gil Hirsch, StreamElements provides a platform for live stream production, monetization and audience engagement, offering a full production-technology and business stack with customer support. The platform already serves over 200K Monthly-active-channels on Twitch and YouTube, serving more than 15 million viewers who watch over 12 billion minutes each month. Some of the world’s top streamers, including Shroud, TimTheTatMan, SodaPoppin and Casey Neistat use the platform to enhance their live stream capabilities.
The company and its creator community partnered on several marketing campaigns with companies like Red Bull, Sennheiser, Warner Brothers, Trojan, 7-11 and more.