Valencia-based Vitcord raises $2 million to scale up its story creation tool for video | EU-Startups
Summary
The fresh capital will help Vitcord to scale up, improve the product and UX and prepare for future growth. There is a double objective: to work with data models and scaling up at the backend level, and to transform the user experience and the way it interacts with the application, all to improve long-term retention and increase the content creation index in the app. These new investors join old ones like the Mobile World Capital Barcelona Foundation and Sebastien Lefebvre, Twitter’s former director of growth. Adrián Domenech and his team are working on an outstanding video platform focused on creation, activity, and virality. So far, in the last 12 months the platform has obtained 400,000 active users and in 2018 they are determined to multiply the number of videos created each day.