11 Apr 90 Seconds Closes $7.5m Round Led By Sequoia Capital
Congratulations to YBF member and NZTE participant 90 Seconds for closing a $7.5m investment round led by Sequoia Capital India! 90 Seconds is a Cloud Video Production Platform that lets users create fast, affordable video content anywhere on the planet.
Despite the increasing ubiquity of online videos, making a professional-looking one is still a complicated process that usually involves chains of emails and uploads. 90 Seconds wants to fix that problem with its cloud-based platform, which lets users handle almost every part of the video production process in one place. Today, the startup announced it has raised a $7.5 million Series A led by Sequoia India.
Other investors in this round include pay television provider SKY TV New Zealand, Airtree Ventures, Beenext and Oleg Tscheltzoff, founder of stock image agency Fotolia.com. Now based in Singapore, 90 Seconds was launched in Auckland in 2010 by CEO Tim Norton after he struggled to find an online video production service for shoots in different places.
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