Jerusalem, Israel-based live video messaging developer Glide closed a $20m Series B financing.
The round was led by New York and Herzliya-based Marker LLC, with participation from Two Sigma Ventures, Menlo Ventures and other existing investors. In conjunction with the funding, Ohad Finkelstein, Partner at Marker, has joined Glide’s Board of Directors.
The company, which has raised $28.5m in venture financing, will use the funds to further develop its Android and iOS messaging apps and its proprietary streaming video technologies.
Founded in May 2012 by CEO Ari Roisman, Jonathan Caras and Adam Korbl, Glide provides a live video messaging app (available for free on iOS and Android) which is used by more than 10 million users in the United States alone.
The company is currently expanding its operations by opening new offices in both Palo Alto and New York.
FinSMEs
01/12/2014