Pegasus Capital advises VideoElephant Ltd. on growth funding round
Pegasus has advised VideoElephant Ltd. on a $6m growth funding round led by ACT Venture Capital.
VideoElephant is the largest online marketplace globally for the short-form video content. It sources video content from premium producers such as Bloomberg, National Geographic, Fox and ITN, and sells it to web publishers and ad-tech providers. VideoElephant’s library comprises 1.5m videos covering 30 different categories and 16 languages.
The funding raised by VideoElephant will enable the company expand its content library and accelerate its go-to-market strategy.
The investment round was led by ACT Venture capital, with co-investment from a number of new investors and existing shareholders. Pegasus has advised VideoElephant on all fundraisings since its Series A round.
YEAR: 2019
SECTOR: Software & TMT
TERMS: Not Disclosed
