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Restream Has Raised $50m And Launched New Studio Tool

EARLY VENTURE | ANNOUNCEMENT DATE: 27 AUG 2020
WRITTEN BY | 27 Aug 2020
Restream Has Raised $50m And Launched New Studio Tool
EARLY VENTURE

💵 Early Stage VC

  • US-based multistreaming service company Restream has raised $50m in Series A round led by Insight Partners and Sapphire Ventures

  • Raised funding would go towards expansion of the company’s team size and marketing efforts

  • 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

  • In February 2018, Restream raised $4.45m in a Seed funding round led by Silverton Partners

  • In January 2017, the company raised $0.62m of angel funding from undisclosed private investors

  • In February 2016, the company received $50k funding from International Accelerator

🎲 Product

  • Restream has developed a multistreaming service, that allows broadcasting streams onto several platforms, such as Twitch, YouTube, or Facebook at the same time

  • Restream mainly focuses on gamers and gaming companies, however, more individuals and content creators outside the industry start to actively use the platform

  • 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

  • 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%

  • Restream Studio adds many functions to the streams, however most of them are locked behind the paid tiers:

    • add graphics and other visual elements

    • upload and play local video files

    • add custom overlays, backgrounds, and logos

    • chat management

    • extracting parts of the stream

    • analytics management

  • For free, users can use the basic streaming to approved platforms, though the broadcast will include Restream watermark

  • 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

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Restream
  • Established in 2014

  • Headquarters — Austin, Texas, United States

  • Founded by Alexander Khuda and Andrew Surzhynskyi

  • Cloud-based multistreaming service