CloudApp, a video led solution in the $16 Billion collaborative tech space that enables instant business communication through shareable videos, GIFs, and screenshots, announced today a seed investment of $4.3 million led by Kickstart Seed Fund. The round will also include previous investor Cervin Ventures, Bloomberg Beta, Kyle York, VP Strategy at Oracle, and new entrants SAP.iO, Qualtrics CEO Ryan Smith, Traeger CEO Jeremy Andrus, the CEO (Karl Sun), COO (Dave Grow), and Head of Sales (Dan Cook) from Lucid Software, and the co-founders of Teem, (Dan Caffee and Shaun Ritchie), a WeWork company. The financing will be used to invest in the fast growing enterprise led product that already includes Chrome, Mac, and Windows applications and to scale sales and marketing.
“We are thrilled to partner with CloudApp,” said Gavin Christensen, Managing Director of Utah’s largest seed fund Kickstart. “With 3MM+ users and nearly 1,000 corporate customers, CloudApp allows businesses to effortlessly use video and screen capture to improve both productivity and customer experience leading to revenue growth. One of their enterprise customers told us that if they discontinued their subscription with CloudApp, ‘there would be a riot!’ We expect great things in the near future.”
“We are excited to work with Kickstart, continue to work with Cervin and have several new entrants to draw from,” said Scott Smith, CEO of CloudApp. “The growth potential is limitless with both the financial and intellectual capital we gain through these partnerships. This group has been extremely supportive with our plans and impressed by our raving enterprise and individual fan base.”
“I use CloudApp a dozen times a day to share with my coworkers, my friends around the world, and my family,” said Khoi Vihn, Principal Designer at Adobe. “CloudApp is an indispensable tool because it’s easy and fast to share anything from my computer.”
Gavin Christensen, Managing Director of Kickstart fund, will join the board of directors. Adobe was also a previous investor of CloudApp.
A high growth video solution in the collaborative tech space with a near 5 star business user rating from G2 Crowd, Trust Radius, and Gartner Peer Insights. Using its combination of screen recording, screen grabbing, and GIF creation tools and with its integrations with workflow tools Zendesk, Slack, Adobe, Drift, Zapier, and others it is uniquely positioned as an indispensable video led enterprise solution.