San Francisco, the U.S-based provider of a no-code solution for live video, Sequel, raised USD 8 million in the latest funding. The Series A round took place on August 31, 2022. Javelin Venture Partners led the financing for the firm.
Struck Capital, Social Leverage, Alumni Ventures, Growth Warrior Capital, Great Oaks, and V1VC also joined the investors. The Series A financing saw participation from angel investors such as the co-founder of Thumbtack, Marco Zappacosta, Co-founder of Resy, Mike Montero, and the former chairman of the FCC, Julius Genachowski.
Purpose of funding for Sequel
With the latest capital funding, the company intends to accelerate go-to-market strategies.
Meanwhile, Sequel has plans to grow its product offerings. The company also looks to expand its team size.
What the co-founder has to say
Oana Manolache, Founder & Chief Executive Officer (CEO) of Sequel, said, “WordPress revolutionized website design. Stripe redefined payment solutions. And now, Sequel is changing the live communication industry. We are giving everyone the power to design their own live video experiences natively within any website without writing a single line of code. Think of us as the Stripe for live video.”
What the investor has to say
Alex Gurevich, the Managing Director of Javelin Venture Partners, added, “With Sequel’s no-code and low-code solutions, an organization or a community can set up native experiences in a fraction of the time it used to take. We believe Sequel will power the next generation of online video communities.”
About the company
In 2019, founders Andrei Ermilov and Oana Manolach launched the company. The San Francisco-based company is the only no-code solution for live video engagement. It gives companies the power to design real-time experiences directly on their website. The platform leverages proprietary technology that allows companies to host webinars and live events. The said events can be conducted now on their websites. This, in turn, allows the companies to provide a seamless branded experience to their audience. The solution also offers pre-built virtual networking hubs. Combined with an engaging chat and production-level 4K video quality, they quickly transform websites into live platforms for their community. The company also provides an open low-code API for those seeking further customization. It allows the clients to build their custom video solutions.
The company has catered to more than 20,000 live embedded live events. Its customer portfolio boasts giants such as Comcast NBCUniversal, Ritual Motion, We&Goliath, HP, and more.
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