# Biteable

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/biteable-pty

- Industry: Software
- Headquarters: Hobart, Australia
- Website: www.biteable.com
- Total disclosed funding: $10M
- Latest round: Series A (Dec 30, 2020)
- Investors on record: 4

## About

Biteable Pty Ltd is an innovative online video creation platform that empowers users to produce engaging videos tailored to their branding and marketing needs, catering to a diverse clientele across the globe.Biteable Pty Ltd, founded in 2014, is headquartered in Hobart, Australia, and specializes in online video production. The company has raised a total of USD 7.00 mn through multiple funding rounds, with its latest being a Series A round in December 2020, led by Cloud Apps Capital Partners and supported by Tank Stream Ventures. The firm has executed 4 deals as of the most recent deal date, which was December 30, 2020. The leadership team includes co-CEOs Brent Chudoba and James Macgregor.Biteable is a leading online video maker designed to facilitate the creation of engaging, on-brand videos for diverse business needs. The platform provides a suite of intelligent features that enable users to produce professional-quality videos without prior editing experience. Core offerings include a vast library of pre-built scenes and customizable templates that cater to various use cases such as marketing promotions, educational content, and corporate communications. Biteable serves over 10,000 companies and more than 9 million users globally, encompassing small businesses to large enterprises, and is accessible in markets across North America, Europe, and Asia-Pacific.Biteable generates its revenue primarily through subscription models, allowing clients to access its platform and tools for video creation on a recurring basis. The pricing plans are designed to accommodate various customer segments, ensuring flexibility for both B2B transactions and direct-to-consumer sales. Notable products within Biteable's offerings include its flagship video maker and associated features such as AI-assisted video generation and customizable templates, which are integral to the company's revenue model.Biteable's recent Series A funding round of USD 7.00 mn will be utilized to enhance product development and expand into new markets. The company plans to introduce innovative features and tools aimed at enriching user experience and broadening its service offerings. Additionally, Biteable intends to explore opportunities in emerging markets across Southeast Asia and South America, with the goal of establishing a stronger presence by late 2022. This strategic focus on product and market expansion is designed to support the company's growth trajectory and client engagement initiatives.

## Funding rounds

- Series A, Dec 30, 2020, $7M — Tank Stream Ventures, Cloud Apps Capital Partners
- Series A, Nov 28, 2017, $2.8M — Tank Stream Ventures, EVP
- Seed, Feb 3, 2015, $0.1M — Tank Stream Ventures, Bridgelane Group

## Investors

- Tank Stream Ventures (https://capitalatlas.ai/funds/tank-stream-ventures) — Seed, Series A
- Bridgelane Group — Seed
- EVP (https://capitalatlas.ai/funds/evp) — Series A
- Cloud Apps Capital Partners (https://capitalatlas.ai/funds/cloud-apps-capital-partners) — Series A