TechCrunch Startup News Riverside raises $30 million Series C to expand its podcast and video recording platform
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Dec 10, 2024 Riverside has successfully secured $30 million in Series C funding, aiming to boost its podcast and video recording platform. The investment, led by Zeev Ventures, will support team expansion and the development of innovative solutions for content creators. Since its launch in 2020, Riverside has evolved significantly, focusing on enhancing user experience and solidifying its position in the competitive content creation landscape.
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Riverside's Funding Round
- Riverside raised $30M in Series C funding, bringing their total to $80M.
- The round was led by Zeev Ventures with participation from 776 and Sam Lessin.
Valuation and Investment
- Riverside's valuation increased with the Series C, though the exact figure is undisclosed.
- Alexis Ohanian, founder of 776, was personally seeking podcast recording solutions and invested in Riverside.
Riverside's Evolution
- Riverside initially focused on remote podcast recording during the pandemic, prioritizing separate audio tracks and backups.
- They've since expanded to iOS, iPad apps with HD recording, and a streamlined editor with AI transcription.