Live-streaming tools developer Restream announced that it has raised a $50M USD Series A financing round led by Sapphire Ventures and Insight Partners. Restream also announced the launch of its multiplatform live-streaming distribution, branding, chat, and analysis software, Restream Studio, out of beta.
The company’s Co-Founder and CEO, Alexander Khuda wrote in a blog post that “we have experienced tremendous growth,” and built a community of more than 2M creators who broadcast more than 8M monthly live-streams to 750M+ monthly viewers around the world since he and Andrew Surzynskyi founded the company in 2015. The company currently employs 50 people.
As part of the investment, Sapphire Venture’s Paul Levin and Insight Partner’s Teddie Wardi will join Restream’s board of directors.
Restream previously raised a $3.4M Seed investment in 2018 led by Silverton Partners. Other existing investors include Anorak Ventures, Mana Ventures, Liquid 2, Kakao Ventures, Colopl Ventures, and Iskra Ventures.
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