Owl Labs, a Boston, MA-based video conferencing company, raised $15m in Series B funding.
The round, which brought total funding to date to $22.3m, was led by Spark Capital with participation from existing investors Matrix Partners and Playground Global. In conjunction with the funding, Santo Politi, co-founder and general partner at Spark Capital, will join Owl Labs’ board.
The company intends to use the funds:
– to launch new solutions,
– to grow the team, and
– to expand international reach in 2019 and beyond.
Led by Frank Weishaupt, CEO, Owl Labs is the creator of the Meeting Owl, a 360° smart video conferencing camera. The product provides hybrid teams with a platform-agnostic solution and raises the remote meeting experience to feel just like sitting in the room.
In 2018 alone, customers used the Meeting Owl with platforms like Zoom, Google Hangouts, and Microsoft Teams to conduct more than 450,000 meetings.