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Atmosphere TV Raises $25 Million To Stream Silent Ad-Supported Content In Bars And Dentist Offices Across America
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Atmopshere TV
It’s been more than a year since many Americans have sat inside a bar or restaurant, casually watching a silent TV play in the background. But as the nation recovers from pandemic lockdowns, one startup is raising money to capture patrons’ attention upon their return.
Atmosphere TV a streaming platform that provides a range of audio-optional content supported by subscriptions and advertising has raised a $25 million Series B round from Valor Equity Partners at a new valuation of $275 million. The funding comes less than a year after a $14 million Series A round in April 2020, just weeks after state and local lockdowns went into effect.
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CHICAGO, April 15, 2021 /PRNewswire/ Logiwa, the leading cloud fulfillment platform for high-volume direct-to-consumer businesses, today announced that it has raised $8.5 million to meet rising demand for cloud DTC fulfillment solutions.
Valor Siren Ventures, an early-stage food, food technology, and retail technology fund, led the round with participation from Spider Capital, Runway Venture Partners, Launch Capital, and Otimo Retail. This investment brings the company s total funding to $13.1 million. Jonathan Shulkin, Partner and Fund Manager at Valor Siren Ventures, will join the company s board.
Online sales have accelerated as the COVID-19 pandemic forced consumers to buy online during lockdowns. As orders increased, many brands, online sellers, 3PLs, and fulfillment networks learned that their existing WMS were not flexible enough to support and scale high-volume, omnichannel DTC fulfillment.
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