Company Name : 90 Seconds
Funding Amount : $7.5 million
Investor(s) Sequoia India, SKY TV NZ, Airtree Ventures, Beenext
Funding Round : Series A
90 Seconds, a global cloud video production platform has raised $7.5 million in Series A financing led by Sequoia India.
The round, supported by SKY TV NZ, Airtree Ventures, Beenext and Fotolia.com founder Oleg Tscheltzoff, will accelerate 90 Seconds’ global expansion in cloud video production.
The 90 Seconds marketplace enables flexible and easy discovery of more than 5,000 video creative professionals in over 70 countries across 40 categories including videographers, directors, editors, producers, animators, drone operators, photographers and many more.
These creatives can seamlessly collaborate on a comprehensive software platform which allows customers the ability to purchase, plan, shoot, edit and review professional videos across the globe – all online or from their mobile.
The company’s current 100 creative freelancers in India will grow to over 500 in the next six months. The team will be spread out across Mumbai, Delhi, Hyderabad and Bangalore.
90 Seconds in India has already produced over 100 videos for companies such as Rolls Royce, Cricket Australia, Financial Times, Oracle, JLL and Exxon Mobil as there is an increase in demand for localised Indian content for large multi-nationals from the 90 Seconds SEA and Australian offices.
Founder and CEO of 90 Seconds, Tim Norton says “Video content is a must have in today’s world and we are proud to have developed a solution that works for brands around the globe to deliver fast, affordable content. We are excited to work with our new and existing investors who understand the opportunity 90 Seconds has to completely change the global video production landscape.”
90 Seconds had strong growth of over 300% in revenue in the past twelve months, claims the company.