This is the Restream pitch deck to raise a $50m series-a round in 2020.
About
Restream is a multi-streaming solution that allows producers to analyze and interact with their viewers across platforms. Using the platform, users can stream live video to any live stream service. The platform includes ingesting service in over 80 countries serving a million users. Capabilities include analytics, scheduling, shared chat, monitoring, and seamless integration with encoders.
It was founded in 2015 and is headquartered in Austin, Texas.
Livestreaming startup Restream announced in August that it had raised $50 million in fresh funding amid the pandemic, from investors including Sapphire Ventures and Insight Partners.
Execs at the five-year-old company, which builds tools that help content creators simultaneously livestream to multiple platforms like YouTube, Twitch, and Facebook Live, told Business Insider that the series-A round was different from its past fundraising efforts.
Restream previously closed $5 million in seed funding in early 2018. Founded in Ukraine, the startup had a harder time attracting investors then, because its execs weren’t connected in the investment community and didn’t speak English well, cofounder Alexander Khuda said.
This time around, venture capitalists in March approached Restream — which had moved to Austin, Texas to be closer to its investors — because people were flocking to livestreams on platforms like Instagram and Twitch amid lockdown orders.
The VCs had a new set of questions, according to Morgan Schwanke, Restream’s head of business development. They wanted to know how the pandemic was impacting Restream’s business strategy, and whether the recent lift in livestreaming was a fad or lasting trend.
Restream, which initially started to help gamers livestream to Twitch and YouTube at the same time, told the VCs about the growing number of content creators who had joined that platform outside of the gaming sector, including musicians, politicians, influencers, publishers, non-profit organizations, and other businesses.
Restream said half its 2.5 million users are non-gaming verticals now, compared with a few years ago when gamers made up 80% to 90% of its audience.
“The pandemic has put a new lens on how everyone thinks about business and I think that’s the same for VCs as well,” Schwanke said.
The VCs also wanted hard numbers that they didn’t ask Restream for during the seed round.
“We started getting questions more about unit economics,” Khuda said.
They were most interested in Restream’s revenue and margins. The company said it was profitable as of 2020.
Funding rounds
|
Announced Date
|
Transaction Name | Number of Investors | Money Raised | Lead Investors |
| Aug 27, 2020 | Series A – Restream | 8 | $50M |
Insight Partners, Sapphire
|
| Jan 26, 2018 | Seed Round – Restream | 3 | $3.4M |
Silverton Partners
|
| Feb 6, 2016 | Convertible Note – Restream | 1 | — | — |
| Jul 5, 2015 | Convertible Note – Restream | 1 | — | — |
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