Los Angeles-based educational video marketplace CreatorUp has closed a $5 million Series A funding round led by New Markets Venture Partners, with follow-ons from existing investors Metavallon, LearnStart/LearnCapital and Achieve Partners.
CreatorUp allows customers to purchase from more than 400 video services. The company stated the funds will be used to scale its platform.
CreatorUpos co-founder and chief executive Mike Tringe said: “We’re thrilled to bring on New Markets Venture Partners to help our marketplace level the playing field so that anyone can unlock the power of video content.”
Jason Palmer, general partner of New Markets Venture Partners, added: “New Markets has strong conviction in the creator economy. We love that CreatorUp has built a unique platform to produce high-quality video content globally for any company or organisation that wants to level up their use of video, live-streaming, and virtual reality, especially leading education and training organisations.
“We’re excited to lend our expertise and partner with CreatorUp to remove the barriers of video production, saving customers time, money and hassle while accomplishing this with a system that promotes and fosters high-quality education, training, inclusion, and rewarding work opportunities. CreatorUp’s platform is helping grow and expand the portfolios of creative professionals worldwide.”
Alexandra Choli, partner at Metavallon, commented: “This round of investment in CreatorUp is validation of the company’s powerful growth potential. Their platform makes video creation effortless for their clients, while providing exciting new opportunities for creative professionals to expand their skills, extend their networks, and engage in new work they love doing look forward to continuing to work with the CreatorUp team and to helping them further expand their reach.”
Date published: 22 September 2021