Livestorm Secures $30M Series B to Expand Europe & US Market Presence
Gilles Bertaux co-founded Livestorm in 2016, a video engagement platform specializing in meetings, webinars, and online events. In 2020, Livestorm secured $30M in Series B funding to broaden its market presence in Europe and the US and enhance its go-to-market strategies. The platform is currently trusted by over 5,000 companies for their video communication needs.
Key Takeaways
- Livestorm, a video engagement platform, was co-founded in 2016 by Gilles Bertaux, Robin Lambert, Tom Forlini, and Vincent Garreau.
- In 2020, the company secured $30 million in Series B funding.
- The funding was earmarked for expanding market presence in Europe and the US, and scaling go-to-market strategies.
- Over 5,000 companies currently rely on Livestorm for video communication needs.
Why It Matters
Livestorm's 2020 Series B funding round facilitated a strategic push into larger markets, directly impacting its competitive stance in the video engagement platform sector. This expansion signals increased direct competition for established players in the US and European webinar and online events space. Going forward, watch for Livestorm's subscriber growth figures and specific market share gains in its target regions as indicators of the success of its go-to-market pivot.
Read full article at livestorm.co