Israeli Startup StreamElements raised $100 million in a financing round led by SoftBank with the participation of PayPal, MorTech and previous investors State of Mind Ventures (SOMV), Pitango First, Menorah Mivtachim and Mivtach Shamir. StreamElements offers interactive tools to help companies manage communities and create revenue for streaming content creators.
The money just keeps on rolling in for Startup Nation. Just last week, Versatile, an Israeli construction technology startup that uses artificial intelligence (AI) and the internet of things (IoT) to optimize construction processes, secured $80 million in Series B funding.
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And earlier this month, Israeli startup Papaya Global, which offers a cloud based platform for companies to handle their payrolls, raised $250 million, giving it a valuation of $3.7 billion. The fintech firm Papaya Global has now raised a total of $440 million in financing to date.
Founded in 2017 by Or Perry, President Doron Nir, CEO Gil Hirsch and CTO Reem Sherman, StreamElements offers an end-to-end platform for livestream and video on demand production. The company monetizes audience engagement, brand sponsorships, and influencer marketing. StreamElements boasts the only full stack of 100% cloud-based tech and business solutions. They have offices in Los Angeles, Palo Alto and Tel Aviv.
“We support over 1 million channels across Twitch, YouTube, and Facebook Gaming. In addition, brands, media and influencer agencies, talent agencies and management firms, esports teams and publishers all leverage StreamElements tech and services to run global sponsorships and other activations.”
Gil Hirsch said, “Since launching StreamElements in 2017, it has become the leading platform in the creator economy by building great products and providing legendary service to content creators of all sizes while helping them collectively generate over a hundred million dollars. With this additional funding we are bolstering our staff to strengthen and broaden our ability to enable content creators across multiple platforms to make a living doing what they love.”
“Our goal is to be everywhere creators are, which means expanding to new platforms, such as using the new funds to build out our presence on Trovo,” added Hirsch. “It also means going beyond the livestreaming space and bringing our proprietary audience experience-driven technology to YouTube videos where we are creating some industry firsts.”