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.
Global Creator Company Jellysmack Partners With Top YouTuber MrBeast
Through this exclusive deal, Jellysmack will optimize and distribute MrBeast s wildly popular video content for fans on Snapchat and Facebook.
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LOS ANGELES, April 7, 2021 /PRNewswire/ Jellysmack, the global creator company, has signed an exclusive partnership with video creator, entrepreneur, and philanthropist Jimmy Donaldson aka MrBeast, to optimize and distribute his over-the-top YouTube videos on two additional social platforms: Snapchat and Facebook. With this partnership, MrBeast will reach more fans, generate incremental revenue, and expand his brand.
YouTube star MrBeast teams up with Jellysmack to optimize and distribute his wildly popular videos on Snapchat and Facebook
MrBeast Signs Exclusive Facebook, Snapchat Distribution Deal With Jellysmack
Jimmy Donaldson (aka
Jellysmack to distribute his
Facebook and
Snapchat.
“Since launching our Creator Program in 2018, we’ve had our eye on MrBeast as someone we wanted to work with,”
Jeff Olson, Jellysmack’s head of creator partnerships, tells
Tubefilter. “This partnership proves that even the biggest creators in the world still have room to grow to reach their full potential, and Jellysmack has the technology to make that happen.”
When a creator joins Jellysmack’s program, the company takes the content they make for their main platform and promotes and optimizes it for consumption on other social media sites. The result is 1) an increased presence and fanbase for the creator on additional video platforms and 2) increased revenue from all the additional viewership on said platforms, which Jellysmack then splits with the creator.
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