Kapwing Raises $11M in Series A Funding

Funding Rounds

▤ Summary

The round was led by CRV, with follow-on participation from Village Global, Sinai, Shasta Ventures and new investors Jane VC, Harry Stebbings, Vector, and the Xoogler Syndicate. Co-founded by Julia Enthoven and Eric Lu, both former Google Product Managers, Kapwing is a provider of a multimedia creative platform for the browser to enable any entrepreneur, storyteller, or entertainer to create and share a story with accessible tools. It is free, fast, and fully browser-based so that creators can make and share video, image, and GIFs without needing to download and transfer huge files. The solution includes tools and collections targeted at modern social media use cases, like designing Instagram Stories, adding subtitles, clipping YouTube videos, and making memes. Instead of charging for the tools, the company plans to monetize with its brand new Workspace, where teams can store, re-edit, and collaborate on multimedia projects.

$ Funding

$
Amount $11.0M Total raised
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Date September 24, 2019 Announcement date
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Investors - Lead investors
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Company https://www.kapwing.com Funded company

▥ Classifications

industries
Entertainment
applications
Sales and Marketing

◇ AskAI Classifications

Labels
SaaS Video Editing Software AI Content Creation

▦ Linked Companies

Kapwing
$1M to $5M