I’m pleased to announce our latest funding round. We’ve raised a $30 million Series B to accelerate product development and our expansion into North America. The round was led by Aglaé Ventures and Bpifrance Digital Venture, with participation from Raise Ventures and IDInvest. This brings Livestorm’s total amount raised to date to $35 million.
Livestorm is the only platform for video communication that runs completely in a browser from any device you choose. Livestorm is adaptable for any need, from 1:1 meetings to large virtual events with more than 1000 attendees. Our software includes end-to-end features for planning, promoting, executing, and measuring ROI for video meetings and events.
Founded 4 years ago, Livestorm has been the preferred solution for rapidly changing industries like state and local governments, healthcare, education, and more. This has been an amazing journey. Now more than 3,500 companies of all sizes rely on Livestorm, from startups to Fortune 500 companies.
Livestorm has grown our revenue by eight since our last funding round in 2019 and tripled our headcount to more than 50 collaborators. During this time, the United States quickly became our fastest-growing market.
We’ll be using this latest funding round to develop new features and functionalities to support larger companies. We will create an ecosystem of integrations entirely dedicated to video communication. We believe that the next wave of video communication platforms will focus on more than just video distribution. Livestorm creates premium online event experiences.
In addition, we will rapidly increase our marketing presence and scale our go-to-market strategies toward mid-market and enterprise clients in Europe and the United States, while hiring aggressively globally.
Livestorm plans to once again triple our team in the next year, hiring 100 additional professionals across our Engineering, Sales, Customer Care, Operations, and Marketing teams. Livestorm is a remote-first company and we are looking for great talent, regardless of location. Sounds interesting to you? Apply directly here.
We are very grateful to all our customers, partners, and fellow Stormies for the trust that you put in Livestorm every day! This wouldn't have been possible without your support and collaboration.
Stay tuned for more exciting changes to come!