- Vimeo, an NYC-based professional video platform, received a $150m equity investment
- Backers included Thrive Capital and GIC. The deal values the software-as-a-service (SaaS) company at $2.75 billion
- The new capital will enable the company to make investments in R&D, sales, and international expansion
- Vimeo provides a cloud platform for every business from local SMBs to global enterprises to create videos, collaborate with colleagues
- In 2020, the platform has scaled to over 200 million users globally with over 3,500 enterprise customers
- Vimeo is an IAC (NASDAQ: IAC) company
