FinTechFunding

Vimeo: Raises $150M Equity Funding

  • 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
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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