I'm thrilled to announce that Livestorm has raised a 4.6M€ series A round with Aglaé Ventures (Spotify, BackMarket, Meero), our lead investor, BPI F3A, our historical investor now co-leading this round, and RAISE Ventures. Thomas Rebaud, co-founder and CEO of Meero, is also an angel investor on this round.
Robin, Tom, Vincent, and I created Livestorm three years ago, at the end of our masters studies. We are amazed every day to see the growth of what was once our final exam project. Over one thousand customers have used Livestorm for demo and training webinars, MOOCs, podcasts, and more in five continents.
Why we've raised a Series A
We have been running pretty lean for a long time. This means we've had to hold back on many things like recruiting, marketing, sales, and sometimes even product.
Despite our limited capital, our growth was fast. But we knew that continuing in this vein could hurt our customers in the future. We wanted to be able to provide the resources you need, exactly when you need them.
We raised this round to expand Livestorm to other use cases and strengthen our presence in the US.
Go beyond a webinar software
Since day one, we've been driven to innovate within this competitive market. The goal has always been to provide the simplest webinar experience by focusing on user experience and powerful automation features.
We started with live webinars and implemented more marketing features such as registration pages, automated emails, advanced analytics and even webinar promotion. People finally had an all-in-one webinar software that could help anyone host an event from a to z in a few clicks.
Then we expanded to our vision of on-demand webinars: asynchronous media that can be plugged into real-time customer interaction tools such as Intercom. Perfect for putting your pre-recorded videos at work to generate leads and educate customers.
In the meantime, we realized customers were lacking a way to operate as an organization while live streaming. So we added a way to collaborate as a team in your webinar projects.
More recently, we added a way to bring automations to your webinars. I insist on that terminology: we don't do automated webinars. Our aim is to add automations within a webinar. You are able to set the cursor as you need: automate just a few features, or go 100% automated.
This is what Livestorm is all about: covering more ground and streamlining your video needs into one place. This series A will help us do just that.
Livestorm Meet: same playbook, different space
This round of investment will also help us bring Livestorm Meet to a whole different level.
Livestorm Meet started as a test product, a dashboard tool for video meetings. We got good traction from it and decided it was time to invest more effort.
Lots of companies, including us, used to have different tools for video call meetings for many purposes: sales, support, internal use, etc.
We believe that we can help you streamline your video needs (both webinars and meetings) in one place, as a unified Video Communication Platform for teams.
The Livestorm team
As you can expect, our team of ten back in June has doubled in less than two months. We still have positions open in all fields (by the way, we offer free Logitech Brio 4k webcams for any successful recommendations).
During this scaling phase, I can assure you that we will focus on steady growth, keeping the team at a reasonable size.
For example, you can expect nothing but improvements regarding support. We reinforced the team to better address your support needs in Europe and in the US. Elif will be in charge of optimizing their process and coordinating sales and CSMs. If you have any questions for them (or just want to say congrats) feel free to send an email at email@example.com :)
Regarding our product team, we hired with one goal in mind: move faster on more complicated features while maintaining a high standard of code quality!