Dwell-streaming instruments developer Restream introduced that it has raised a $50M USD Collection A financing spherical led by Sapphire Ventures and Perception Companions. Restream additionally introduced the launch of its multiplatform live-streaming distribution, branding, chat, and evaluation software program, Restream Studio, out of beta.
The corporate’s Co-Founder and CEO, Alexander Khuda wrote in a weblog submit that “we’ve got skilled large development,” and constructed a group of greater than 2M creators who broadcast greater than 8M month-to-month live-streams to 750M+ month-to-month viewers world wide since he and Andrew Surzynskyi based the corporate in 2015. The corporate at present employs 50 individuals.
As a part of the funding, Sapphire Enterprise’s Paul Levin and Perception Associate’s Teddie Wardi will be a part of Restream’s board of administrators.
Restream beforehand raised a $3.4M Seed funding in 2018 led by Silverton Companions. Different present buyers embody Anorak Ventures, Mana Ventures, Liquid 2, Kakao Ventures, Colopl Ventures, and Iskra Ventures.