Portl Raises $12M in Series A Funding

Portl, a Los Angeles CA-based company plug & play holoportation platform, raised $12M Series A funding.

The round was led by True Capital Management with participation from Tim Draper (Tesla, SpaceX, Skype), Marshawn Lynch, Quavo, Breanna Stewart, Albert Pujols, Luke Walton, Robert Griffin III (RG III), Deandre Ayton, Nneka Ogwumike, and Managing Partners of Structure Capital, Jillian Manus (Uber) and Mike Walsh (Uber, SalesForce).

The company intends to use the funds to expand its global live streaming platform, launch its mobile and MINI products, grow its tech and sales team and to service its customer base across live events, entertainment, education, retail, healthcare, corporate communications, and tech. 

Led by David Nussbaum, Founder, Inventor and CEO, and Doug Barry, Co-Founder and COO and former Pandora VC and EA executive, Portl provides hologram devices and the software and cloud services to support holoportation. Its products are now in use all over the world, beaming executives, tech and science experts, and sports and music celebrities for events, displaying NFTs and other objects. They also aims to become a vital new tool for education, retail, marketing, and the hospitality industry.

Portl has already completed projects with IWC, HBO, Netflix, DHL, Chase Bank, as well as the telecoms AT&T, T-Mobile, and Orange SA. Activations have been done at Mercedes Benz Stadium, the Major League Soccer All-Star Game, the Major League Baseball All-Star Game FanFest, the U.S. Open, and Formula E Racing. Music artists have made use of Port to live beam including P. Diddy, Kane Brown, and Migos. The company has also been chosen by the crypto community to showcase for NFT art other projects were completed with NBA champion Danny Green, Christie’s, amfAR, NYC.NFT, Miami Crypto Experience, and for this year’s upcoming Art Basel.