New Digital Content Marketplace Exeest Raises $3.1M
Summary
Using the latest technology and creative design to build an unparalleled platform, Exeest is digitizing the content sales supply chain to meet existing market demand. This seed funding enables the company to expand functionalities and build a fully transactional marketplace, including: the further development of algorithms to suggest content pricing; the ability to generate, store and finalize contracts; and collaboration and financial tools to help navigate the negotiation and complete the financing of global distribution deals. Seed round investors include notable participation from Bob Sauerberg (former CEO, Condé Nast and Board Member, Reddit); Jeff Gaspin (former Chairman, NBCUniversal Television); Dean Backer (Managing Director, Goldman Sachs); and Salil Mehta (CFO, Candle Media). The company plans to raise another round of funding this year to take advantage of the massive growth opportunities presented by clear macro-economic trends driving the industry. “The time is right for the industry to embrace technology that lets them keep up with the rapidly escalating global demand for content.” Founded in 2019 by former CFO IT at NBCUniversal Shabbir Aqeel Danish, Wall Street executive Anthony Costanzo, and independent filmmaker and tech entrepreneur Matteo Petrelli, Exeest’s leadership team consists of executives with decades of media and technology experience at prominent companies including Comcast NBCUniversal, Discovery, Uber, and several others.