? Early Stage VC
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US-based multistreaming service company Restream has raised $50m in Series A round led by Insight Partners and Sapphire Ventures
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Raised funding would go towards expansion of the company’s team size and marketing efforts
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Along with various Tech and Esports companies, Restream has many partners in the gaming world, such as: Activision Blizzard, Capcom, Ubisoft, SEGA, Humble Bundle, Wargaming.net, Gameloft, Bethesda, Roblox and Origin
? Previous Rounds
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In February 2018, Restream raised $4.45m in a Seed funding round led by Silverton Partners
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In January 2017, the company raised $0.62m of angel funding from undisclosed private investors
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In February 2016, the company received $50k funding from International Accelerator
? Product
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Restream has developed a multistreaming service, that allows broadcasting streams onto several platforms, such as Twitch, YouTube, or Facebook at the same time
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Restream mainly focuses on gamers and gaming companies, however, more individuals and content creators outside the industry start to actively use the platform
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The service is similar in function to OBS and Xsplit, however, it doesn’t require any prerequisite knowledge and seeks to more simplified user experience
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Restream serves over 2 million streamers and businesses, has over 8 million streams and 600 million active viewers every month. More than that, since January 2020 the platform has grown over 300%
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Restream Studio adds many functions to the streams, however most of them are locked behind the paid tiers:
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add graphics and other visual elements
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upload and play local video files
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add custom overlays, backgrounds, and logos
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chat management
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extracting parts of the stream
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analytics management
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For free, users can use the basic streaming to approved platforms, though the broadcast will include Restream watermark
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Lowest tier for individual use costs $19/month, with Restream Live Studio Pro asking $49. For businesses, the service will cost $99
SOURCES: VENTUREBEAT, TECHCRUNCH
