# Livepeer

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/livepeer

- Industry: Software
- Headquarters: Brooklyn, US
- Website: www.livepeer.org
- Total disclosed funding: $48M
- Latest round: Series B (Dec 13, 2021)
- Investors on record: 10

## About

Livepeer, Inc. is a pioneering video infrastructure provider focused on decentralized streaming and transcoding solutions, offering innovative tools to enhance video creation and distribution.Founded in 2017 and headquartered in Brooklyn, US, Livepeer, Inc. specializes in blockchain-enabled video infrastructure. The company has undergone significant growth and received notable investment, with their latest funding being a Series B round. Doug Petkanics, co-founder and CEO, has previously engaged in other entrepreneurial ventures, underscoring his extensive experience in the tech industry. Livepeer has successfully raised USD 20.00 mn in its most recent round on December 13, 2021, with the total amount raised to date also being USD 20.00 mn, and it currently holds a valuation of USD 180.29 mn.Livepeer's primary offerings center around its innovative video infrastructure solutions and the Daydream generative AI video platform. Livepeer provides essential services such as real-time transcoding and livestreaming, foundational for open video applications. The Daydream platform enhances video creation by allowing users to generate animated visuals from live camera input and text prompts, thus enabling instantaneous content production for marketing, storytelling, and creative expression. The company caters to a diverse clientele, including developers and businesses seeking advanced video technology for their applications, and it maintains a strong presence in North America, Europe, and the Asia-Pacific region, where demand for video innovation continues to grow.Livepeer generates revenue primarily through a subscription-based model tailored to its client base, which includes developers and enterprises utilizing its video technology solutions. Clients engage with Livepeer’s services by purchasing access to its platform, leveraging capabilities such as real-time content creation and video understanding. The transaction structure typically involves direct partnerships with businesses seeking to integrate Livepeer’s infrastructure into their operations, with pricing plans aligned to the scale and intricacies of services provided, varying based on usage levels or project requirements. This model fosters a robust transactional relationship that supports ongoing innovation in the video space.Livepeer, Inc. plans to utilize the USD 20.00 mn raised in Series B financing in December 2021 to expand functionality for broadcasters, ramp up demand generation among video developers, and ensure a strong position in the evolving web3 landscape. The company is focused on introducing new product features aimed at enhancing broadcasting capabilities and expanding into additional markets in North America and Europe by the end of 2023. Doug Petkanics’ strategic vision centers on positioning Livepeer as a leading provider of blockchain-enabled video infrastructure as demand for video applications continues to surge.

## Funding rounds

- Series B, Dec 13, 2021, $20M — Northzone, Tiger Global Management, Digital Currency Group, Charge Ventures, Coinbase Ventures, Distributed Global Ventures, CoinFund Management, 6th Man Ventures, Animal Ventures, Warburg Serres
- Series B, Jun 30, 2021, $20M — Northzone, Digital Currency Group, Coinbase Ventures, CoinFund Management, 6th Man Ventures, Animal Ventures
- Series A, Jun 11, 2019, $8.2M — Northzone
- Seed, May 17, 2017 — Digital Currency Group, Charge Ventures, Distributed Global Ventures

## Investors

- Digital Currency Group (https://capitalatlas.ai/funds/digital-currency-group) — Seed, Series B
- Charge Ventures (https://capitalatlas.ai/funds/charge-ventures) — Seed, Series B
- Distributed Global Ventures (https://capitalatlas.ai/funds/distributed-global-ventures) — Seed, Series B
- Northzone (https://capitalatlas.ai/funds/northzone) — Series A, Series B
- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Series B
- CoinFund Management (https://capitalatlas.ai/funds/coinfund-management) — Series B
- 6th Man Ventures (https://capitalatlas.ai/funds/6th-man-ventures) — Series B
- Animal Ventures (https://capitalatlas.ai/funds/animal-ventures) — Series B
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series B
- Warburg Serres (https://capitalatlas.ai/funds/warburg-serres) — Series B