Stringr, a NYC-based creator of an international on-demand video news service, raised $5.75m in funding.
The round, which has secured more than $7.25m in financing to date, was led by Thomson Reuters Ventures, as well as returning venture investors G5 Capital and Advection Growth Capital.
The company intends to use the funds to develop additional tools and technologies and to grow its network of professional videographers.
Founded in 2014 by Lindsay Stewart and Brian McNeill, who met at The Wharton School, Stringr is a comprehensive video news and content provider built on a proprietary, international network of more than 100,000 responsive videographers. Leveraging this network and its marketplace platform, the company provides broadcast-quality video and custom news packages to every major US market and the United Kingdom. In addition to its work in the news world, the company also launched its brand-focused video content development arm, Embed Studios, which leverages the videographer network to create brand and studio content. To date, the studio has produced work for Corcoran, Zillow, HBO Max, Amazon, Lightworkers, TikTok, Mastercard, United Way, and MGM, among others.
FinSMEs
29/05/2020