Viddy operates a short-video social platform that many observers describe as resembling Instagram for video. The company reports approximately 10 million users and is positioning that user base as a core asset in its current raise. Co-founders JJ Aguhob and Brett O’Brien are leading the company through an aggressive growth push tied to this financing. Viddy is pursuing a large external round to fund continued expansion and product momentum. The company is currently seeking a $30 million Series B at a reported $370 million valuation; the report does not specify whether that valuation is pre- or post-money. NEA is reported to be participating in the round, and the funding is described as close to closing. The article frames the raise as highly ambitious given the size relative to typical Series B rounds and the stated user count. Viddy offers a mobile video creation and sharing platform that enables users to shoot, "beautify," and share 15-second video clips from their phones. Its key features include custom premium Video FX layers and audio effects created with musicians and studios. The company has used celebrities and influencers (for example partnerships with Disney for the Muppets movie and a T-Pain artist pack) to drive discovery. Viddy reported over 40 million app views in January and has reached 1 million users. The app is currently iPhone-only, with Android, iPad, Windows, and BlackBerry versions in development. The company has raised funding to support growth and product expansion and plans to accelerate international expansion and bring its service to more devices and platforms. Viddy is a mobile social video app that enables users to capture, beautify and share 15-second videos using one-click production packs with visual effects and audio. The app bundles Adobe/Final Cut style effects into preset production packs (examples include Black & White, Crystal, Hued, Vintage, Junkd and 3D) and offers social sharing to Facebook, Twitter, YouTube, Tumblr and embeds. Viddy launched in April 2011 and was founded by JJ Aguhob and Brett O'Brien; it was imagined and created in the Matrix building in Venice, California. The company reported an installed user base of 800,000 users able to apply branded packs like the newly released Snoop Pack. Viddy plans to roll out further branded artist production packs and filters. Financially, Viddy completed an initial $1.6M first round financing from strategic venture and angel investors.

Total raised

$38M

Funding rounds

3

Latest round

Series B

Latest activity

Apr 2012