Kapwing, a San Francisco, CA-based video editing website for casual creators, raised $1.7M in seed funding.
The round was led by Kleiner Perkins with participation from Shasta Ventures, Sinai Ventures, Village Global, Shrug Capital, and ZhenFund.
The company intends to use the funds to expand to accelerate product development and fund growth activities.
Co-founded by Julia Enthoven, CEO, and Eric Lu, CTO, Kapwing is a free online video editing suite for digital storytelling. With a suite of free browser-based tools, the platform allows people like students, artists, nonprofits, agencies, and social media managers at companies like Dubsmash to create formats like vertical video, stop motions, collages, and loops for YouTube, Instagram, and Reddit from any device.
More than 500,000 videos have been created on Kapwing since it launched in October 2017.