Biteable attracts $1.1M seed investment to further develop world's simplest video maker
Summary
The last year has seen a notable increase in the availability of technology that enables consumers to watch videos through devices such as smart phones, and via social media platforms such as Facebook. “Businesses large and small want to take advantage of the power of video to showcase their own products and services, but without incurring the high costs traditionally charged by digital agencies,” said MacGregor. The team has built an awesome product, proving that you can build a global business from anywhere in Australia,” said Rui Rodrigues from Tank Stream Ventures. The funds will be used to expand the Biteable team, further develop the product and broaden the video content available to users. Co-founder and CTO Tommy Fotak said, “In the year ahead, we will be continuing to improve our product offering while scaling up to support the staggering growth we’re experiencing.
