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Jellysmack Raises Series C Funding From SoftBank That Catapults It To Unicorn Status
Jellysmack, which helps creators who are successful on one platform diversify their portfolios across
Facebook,
Twitter, and
YouTube, has announced a Series C funding round that it says has catapulted it to unicorn status meaning it now touts a valuation over $1 billion.
SoftBank Vision Fund 2 the venture capital arm of the Tokyo-based conglomerate was the sole investor in the round, though the amount of the investment has not been disclosed, nor have the specifics of Jellysmack’s post-funding valuation. SoftBank founder, chairman, and CEO
Masayoshi Son announced the investment this morning in an investor briefing.
Jellysmack Confirms Series C Investment from SoftBank Vision Fund 2 to Drive International Expansion
The funding will accelerate the company s creator-focused technology with expanded AI development, new products and future M&A activity.
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LOS ANGELES, May 12, 2021 /PRNewswire/ Jellysmack, the global creator company, has raised a Series C investment round from SoftBank Vision Fund 2
1. The investment was announced today by SoftBank Chairman & CEO Masayoshi Son during their Earnings Results Briefing for FY2020. The funding will accelerate Jellysmack s international expansion and acquisitive growth as well as R&D investment in its core technology. In connection with the investment, Yanni Pipilis, Managing Partner for SoftBank Investment Advisers, will join the Jellysmack board of directors.
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