# Videoly

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

- Industry: Software
- Headquarters: Helsinki, Finland
- Website: www.videoly.co
- Total disclosed funding: $7.2M
- Latest round: Series A (Feb 17, 2022)
- Investors on record: 5

## About

Videoly Oy is a Finnish company specializing in the automatic integration of product videos into online retail environments to enhance consumer engagement and improve shopping experiences.Videoly Oy, founded in 2014 in Helsinki, Finland, focuses on integrating product videos into e-commerce platforms. The company has successfully raised funding, securing a total of EUR 6.00 mn in its Series A round on February 17, 2022, led by Alfven & Didrikson with participation from other investors including Reaktor Ventures and Vendep. CEO and founder Nora Huovila has previously contributed to the startup ecosystem, leveraging her experience to guide Videoly's growth.Videoly offers a core product that automates the integration of product videos into online retail platforms, enhancing consumer shopping experiences. This service helps retailers and brands to enrich product listings with engaging video content, improving visibility, increasing conversion rates, and reducing return rates. The client base includes online retailers in sectors such as fashion, electronics, and home goods, with services marketed primarily in North America and Europe.For the most recent year, 2023, Videoly reported revenue of EUR 3,147,772.50 and incurred an EBITDA loss of EUR 1,130,147.Following the Series A funding round in February 2022, Videoly plans to utilize the EUR 6.00 mn raised to expand its workforce and accelerate growth in Europe and North America. The company is focused on enhancing its product offerings and exploring new market opportunities to drive further adoption of its video integration services.

## Funding rounds

- Series A, Feb 17, 2022, $6.8M — Alfven & Didrikson, Vendep, Reaktor Ventures
- Seed, Jun 30, 2016, $0.3M — Reaktor Ventures, Finnish Business Angels Network, Angel Investors Network

## Investors

- Reaktor Ventures — Seed, Series A
- Finnish Business Angels Network — Seed
- Angel Investors Network — Seed
- Alfven & Didrikson (https://capitalatlas.ai/funds/alfven-didrikson) — Series A
- Vendep (https://capitalatlas.ai/funds/vendep) — Series A