Celebrity Video Platform Memmo banks $10 million

The CEO of Memmo, Gustav Lundberg, is quite happy that the company has broken new barriers and helped people connect with one another.





Memmo raises $10M

Memmo.me, a startup that pays celebrities for personal video messages, has raised around $10 million in a new funding round.

The CEO and co-founder of the company (https://memmo.me/gb/en), Gustav Lundberg, stated, “We are really happy to break these barriers and connect one-to-one with each other.”

He stated that celebrities are using it as a new source of income. He also said that celebrities will be quite happy to make big-time money from their own living rooms at the end of the pandemic.

Lundberg added, “We want this to be a place where you can find everyone, like a basketball star to the local musician. The startup helps you find the most relevant individual for you.”

According to the statement of the company, it has sent around 100,000 messages throughout the world. Moreover, the sales have grown by 50% each month.

The current funding round was led by Left Lane Capital. Moreover, the founder and managing partner, Harley Miller, has joined the company’s board of directors. Moreover, the funding round investors include Depop CEO Maria Raga, Hero co-founder Lukasz Gadowski, Zillow co-founder Spencer Rascoff, Voi Technology co-founder Fredrick Hjelm, Wolt co-founder Elias Aalto, and Udemy CEO Dennis Yang. Although the company has raised a good sum of money, it is still less than that raised by other companies, like Toss Lab. (https://rushhourdaily.com/toss-lab-raises-13-million-series-b-for-its-collaboration-platform-jandi/).

Udemy logo

Miller stated, “We are quite happy with the pace at which Memo has expanded its user base. The gap between the celebrities and talent has lessened, thanks to the pandemic.”

Although Left Lane is situated in New York, Ludenberg Toresson stated that he was excited by its expertise. However, he made it clear that the firm’s investment doesn’t signal a U.S. launch.

Until today, Memmo has raised around $12 million. Moreover, the new funding round will allow the company to build new features. These include making the business offerings and live videos, where different companies can hire celebrities to make promotional videos.


Have a tip we should know? tips@rhd.news

Most Read

  1. WORLD
    South African Variant Can ‘Break Through’ Pfizer Vaccine, Israeli Study
    5 hours ago
  2. WORLD
    Iran Reports Electrical Incident At Natanz Nuclear Site, No Casualties
    6 hours ago
  3. WORLD
    Prince Philip Was Honored With 41-gun Salutes After His Death
    7 hours ago
  4. Middle East
    Lloyd Austin Makes First Israel Visit By Biden Official, Iran On Agenda
    7 hours ago
    Bitcoin Above $60,000 Again On Talk Of Reduced Supply
    8 hours ago
  6. U.S.
    Donald Trump Tells Republican Donors He’ll Help Win Congress In 2022
    9 hours ago
  7. Asia
    Myanmar Security Forces Kill Over 80 Anti-coup Protesters
    11 hours ago

Follow @rushhourdaily: