VideoElephant, a Dublin, Ireland-based online video distribution company, closed a €5.5m funding round.
The round was led by Act Venture Capital.
The company will use the new equity to expand its global workforce across its offices in Dublin, New York, Los Angeles, Berlin and Sydney, (almost) doubling its workforce, as well as investing in their IP and AI technology to support its library of over 2 million videos.
Founded in 2012 by Stephen O’Shaughnessy, VideoElephant is a global aggregator and distributor of online video content. The Dublin-led team aggregates premium video content from hundreds of content providers, licensing this content to online web publishers. i.e Hearst, USA Today, Comcast, Gannett, ByteDance and The San Francisco Chronicle.
The platform now provides a centralized video library of over 2 million videos.
VideoElephant works with global content giants Bloomberg, Fox, Al Jazeera, Endemol, Billboard, Deutsche Welle, Los Angeles Times, among others.