Australia-based Video Editing Startup Clipchamp Raises $9M, will Open Seattle Office
Clipchamp, a Brisbane, Australia-based video editing platform, announced a $9 million investment round that will help the company open its first US office in Seattle. It will also reincorporate in the US.
- Founded in 2014 by former SAP employees, the startup has more than eight million users who create videos with Clipchamp’s in-browser tools. The 40-person company has enterprise customers such as Google, Deloitte, and Microsoft.
- Seattle-based venture capital firm Tola Capital led the Series A round, which included participation from TEN13 and existing investors. Aaron Fleishman, partner at Tola Capital, will join the company’s board of directors.
- “The proliferation of video content within companies has and continues to be exponential, whether it be from marketing, HR, or other departments,” Fleishman said in a statement. “Unlike traditional, complex video editing tools, Clipchamp offers a new paradigm of video editing that is rich with features to create high impact videos within minutes, while also easy enough for anyone to adopt and use it.”
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