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InVideo in discussions to raise $40M at $200M valuation

invideo editing

InVideo, a video production and editing platform is in discussions to raise a Series B round from new and existing investors, said three people with knowledge of the development. The fresh proceeds will come for the San Francisco-based firm just after seven months since their last round.

“A new investor would spearhead InVideo’s $40 million new financing round whereas existing investors including Tiger Global, Sequoia, and RTP Global would also participate,” said one of the sources, urging not to be named as discussions are confidential. 

If the round takes place, the firm will end up raising a sum of $57.5 million over two institutional rounds. It had raised $15 million in Series A in October and a $2.5 million seed round led by Surge and several angels.

InVideo was part of the second batch of Sequoia’s accelerator program.

Sources reveal there has been a huge inbound interest from new investors and more institutional investors may participate in the potential round.

Established by Sanket Shah and Harsh Vakharia, InVideo offers video editing and advertisement-making software for creators. According to its website, it has a portfolio of 4,000+ templates and nine million images which are being used by more than a million users across the world.

“The term sheet for the deal has been signed and due diligence is currently underway. InVideo will be valued anywhere between $180-200 million in this round,” said the second person quoted above who also requested not to be named. 

InVideo competes with several firms including Animoto, Adobe, Filmora, Canva among others in the US and western markets while Rocketium and Stryexpress are its major competition in India.

Video editing platforms are in huge demand following social media trends. If sources are to be believed, the fresh infusion of capital would definitely give InVideo an edge over its rivals. My best wishes to the team of InVideo.

Shishir Gupta, Founder and CEO, StartupLanes

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