WeVideo provides a cloud-based video editing application that enables users to create video content and collaborate via web browsers and mobile devices, with integrations into learning management systems for privacy, security and user provisioning. The company focuses on the K-12 education market and is the only video creation solution included in Google's Education Creative Bundle for Chromebooks. WeVideo serves more than 6,500 school districts and over four million students, and more than 25 million total users across business, nonprofit and individual markets. It also supplies a video engine to third-party media solutions via APIs and other integrations. Company leadership says recent product innovation, customer growth and profitability position WeVideo to accelerate growth, expand reach and create new value with the new investment. WeVideo offers a cloud-based, collaborative video editing platform that scales processing on demand and allows multiple contributors to share and edit projects through a single interface. The service operates on a freemium model (1 GB workspace free) with paid tiers ranging from $6.99 to $79.99 per month for 10–100 GB, varying export quality and features, plus an enterprise offering with pricing on request. The company has partnerships and integrations including YouTube (integrated at YouTube.com/create), Qatar Foundation International, Startup Idol, and TechZulu, and it launched an Android tablet editing app. WeVideo was launched in fall 2011 as a spinoff from Creaza and is based in Sunnyvale, Calif. Management says it is expanding beyond consumers into B2B, plans new product offerings and price points, and will open offices in Europe, Asia and the U.S. The company reported over 125,000 users in January, had about 1,000 video projects per day in January (now “much higher”), and did not disclose a current user total. WeVideo provides a Flash-based, in-browser video editor that is now accessible through YouTube’s Create page, offering a free tier to YouTube users. The editor includes effects, music, color correction, titles and animations and gives users fine-grained control over edits compared with some automated tools. The company launched at DEMO Fall 2011 and is Sunnyvale, Calif.-based with about 15 employees. WeVideo has plans to bring its editing tools to Android devices. At launch the co-founders self-funded the company with $1.4 million, and the company this week secured an additional $1.1 million from private European and U.S. investors. The company is also in talks with several large VC firms for a funding round planned in the first quarter of 2012.

Total raised

$20M

Funding rounds

3

Latest round

Equity

Latest activity

Apr 2012