FightMe raises additional $1.35m seed funding to expand its social video network
Investment led by HTG Ventures and Summly investors takes total raised to $1.85m
London-based competitive social video network FightMe has today announced that it has secured $1.35m seed funding in a round led by investment firm HTG Ventures, Summly investors Daniel Khalili and Raphael Khalili, and high-net worth investor David Reuben Junior.
The deal brings the company’s total seed investment to date to $1.85m following a $500,000 round from an anonymous investor in November 2013 to take its platform out of public beta.
Founded in 2013, FightMe allows users to post a 30 second video, via its website or mobile app, to showcase a skill or talent and then invites them to challenge their peers to compete against them or create their own challenge.
Over the last year the video network claims to have grown 25-fold with each user creating an average of 10 videos per month, and it now intends to use the new funding to scale its offering.
It has plans in the pipeline to launch its app on Android, recruit new team members, and continue to establish a presence in the US market.
FightMe co-founder, Joelle Hadfield, commented: “Progress has been well beyond our expectations.
“We were featured in the ‘Best New Apps’ section on the iTunes App Store, made our first hire in the US and although we initially focused on the European market, already well over half of our users are coming from the States.”