HomeUSADaily Raises $40M in Series B Funding

Daily Raises $40M in Series B Funding

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Daily, a San Francisco, CA-based provider of WebRTC video and audio APIs for developers to build rich video and audio experiences into any app, raised $40M in Series B funding.

The round, which brought the total funding raised to date to more than $60m, was led by Renegade Partners, with new investors including Heritage Group, Cendana Capital, and Sean Rose, and participation from current investors including Lachy Groom, Tiger Global, Freestyle Ventures, Root VC, Slack Fund, Moxxie, Haystack Ventures, Todd & Rahul’s Angel Fund, David Eckstein and Aston Motes. In conjunction with the funding, Roseanne Wincek, Co-Founder and Managing Director of Renegade Partners, and Lee Edwards, Partner at Root Ventures, joined Daily’s board.

The company intends to use the funds to expand and grow its video and audio API offerings.

Led by Kwindla Hultman Kramer, Co-Founder and CEO, Daily provides a WebRTC developer platform for companies like AppFolio, HotDoc, Pitch, Teamflow, and Kumospace, to build video and audio experiences. Daily handles all the complexities of WebRTC video and audio. Developers using Daily can rapidly add real-time video and audio features to any product — for video calls, audio-only apps, webinars, live classes, interactive collaboration, ecommerce, customer support, IoT and robotics, and use cases across verticals.

FinSMEs

10/11/2021