What is Videoly?
Founded in 2014 and headquartered in Helsinki, Finland, Videoly specializes in delivering automatically connected product videos tailored for online retailers. The company's innovative solution aims to enhance the online shopping experience by providing dynamic visual content that can drive engagement and conversion rates for e-commerce businesses. By automating the integration of product videos, Videoly addresses a key challenge for retailers seeking to leverage rich media to showcase their offerings effectively.
How much funding has Videoly raised?
Videoly has raised a total of $7.3M across 2 funding rounds:
Angel/Seed
$498K
Series A
$6.8M
Angel/Seed (2016): $498K with participation from Reaktor Ventures and Tekes
Series A (2022): $6.8M led by Vendep Capital, Reaktor, and Alfven & Didrikson
Key Investors in Videoly
Reaktor Ventures
Reaktor Ventures is a venture capital firm laser-focused on supporting seed-stage companies with the ambition to become global leaders, providing crucial early-stage capital and strategic guidance.
Tekes
Tekes, now Business Finland, offers funding and support for researchers and companies to commercialize innovative ideas, aiming to foster commercial success and market development.
Vendep Capital
Vendep Capital is a venture capital firm concentrating on early-stage B2B SaaS companies in the Nordics and Baltics, offering capital and expertise to foster growth and long-term partnerships.
What's next for Videoly?
The recent major strategic investment signals a new phase of expansion and development for Videoly. This capital is expected to fuel further innovation in video technology, enhance its platform capabilities, and broaden its market reach within the global e-commerce landscape. The company is poised to leverage this financial backing to solidify its position as a leader in automated video solutions for online retail, potentially exploring new integrations and partnerships to drive sustained growth and market penetration.
See full Videoly company page
