Prime Venture Partners led the $3 million pre-series round of A for Glip. This creator tool suite allows gamers to create, and then monetise their content.
The round also included existing backers Better Capital, iSeed and Suhail Sameer (Tencent). Paavan Naanda (WinZO), Nilay Arora(Tencent), Suhail Soer (BharatPe), Ravish Nresh (Khatabook), Vivek Halekere (Bounce), Kumar Aakash, Matrix) and Misbah Ashraf are just some of the prominent angels.
Gaming content is the fastest-growing digital media category. It has been viewed over 100 billion times on YouTube Gaming, and there are 40 million YouTube Gaming accounts.
Glip was founded in 2020 by Parth Choudhary, Ishan Shrivastava, and has developed three types of content creation tools, including streaming, recording and editing. It is also experimenting with stream modifiers and live NFT auctions.
Glip’s web3 technology is the basis of its monetisation platform. Glip has seen a 400% increase in monthly active users since the funding round. This is thanks in large part to its increased usage of web3 technology.
Alternative monetisation options are growing in popularity among creators, with Twitch getting a 50% platform cut and YouTube Live getting a 30% cut. It has established strong footholds in India, Brazil, Indonesia, Brazil and Eastern Europe. The company is now looking to expand into the United States.
Gaming companies around the globe have experienced record levels of funding and acquisitions in the last year. Microsoft is leading the charge with the $68.7billion cash purchase Activision Blizzard.
A company called Glip received $3 million in a pre-series round of funding. Glip is trying to create content creation tools for gamers, specifically those who want to monetize their content. The new round of funding was led by Prime Venture Partners and included existing backers Better Capital, iS