Celebrity video platform Memmo raises $10M – TechCrunch


Memmo.me, a startup allowing end users to pay back superstars for personalized online video messages, is asserting that it has lifted $10 million in Collection A funding.

“We’re genuinely excited about our mission to crack down these obstacles [and help talent] join 1-to-just one instead of 1-to-thousands,” stated co-founder and CEO Gustav Lundberg Toresson.

He added that famous people are embracing this as a new supply of money. It’s specifically desirable during the pandemic, but he predicted that celebrities will nonetheless be excited about “making this significantly funds from their dwelling rooms” just after the pandemic ends.

The idea possibly reminds you of Cameo (certainly, Carole Baskin of “Tiger King” fame has presence on both platforms), but whilst Cameo is U.S.-based, Memmo was started in Stockholm, and Lundberg Toresson mentioned its strategy is each world and localized — the firm is currently operating localized marketplaces for Sweden, Germany, Finland, Norway, the United Kingdom, Spain, Italy and Canada, as very well as a general global market place.

“We want to be the area exactly where you can discover everyone from planet famed skills like a soccer or basketball star, to the neighborhood musician down the street,” he said. “It’s all about applying localization to support you obtain who’s most related for you, anywhere you are.”

The startup states it has been made use of to deliver much more than 100,000 messages globally, and that sales grew 50% each individual thirty day period between July of past 12 months and January 2021.

The spherical was led by Remaining Lane Cash, with the firm’s founder and controlling parter Harley Miller joining the Memmo board. Supply Hero co-founder Lukasz Gadowski, FJ Labs, Depop CEO Maria Raga, Zillow co-founder Spencer Rascoff, former Groupon functions director Inbal Leshem, Voi Technological innovation co-founder Fredrik Hjelm, former Udemy CEO Dennis Yang and Wolt co-founder Elias Aalto also participated.

“We’ve been amazed with the pace at which Memmo has expanded their offering across marketplaces, the place localization is vital to unlocking marketplace liquidity,” Miller stated in a statement. “The capacity to monetize the hole amongst wealth and fame for talent & famous people, all the though allowing for them to engage deeply with supporters, is a trend that was only even more underscored by the pandemic.”

Although Remaining Lane is centered in New York, Lundberg Toresson reported he was particularly fired up about the firm’s market expertise, and that its financial commitment does not signal an imminent U.S. launch.

Memmo has now lifted a full of $12 million. The new funding will allow for the startup to include new options like are living films and to build out its enterprise offerings, where by companies can seek the services of celebrities to build marketing video clips for external marketing and advertising or internal worker drive.



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