Restream founders

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Livestreaming startup Restream raised $50 million in new funding amid the pandemic.

Restream, which announced it closed the series-A round in August, started fundraising in earnest in April as many parts of the world were in lockdown and businesses were adjusting to remote work. 

Execs at Restream told Business Insider that they decided to raise money after VCs started reaching out to the startup. The pandemic was drawing more attention livestreaming, and Restream helps creators livestream to multiple platforms like YouTube and LinkedIn at once.

There were subtle differences in the VCs questions this time around, compared with Restream’s seed round that closed in early 2018.

“The pandemic has put a new lens on how everyone thinks about business and I think that’s the same for VCs,” said Morgan Schwanke, Restream’s head of business development.

The company spotted three main takeaways when pitching investors during the pandemic: 

VCs wanted to know how the startup’s premise was holding up during the pandemic. Schwanke, the head of business development, said potential investors asked questions like: How was Restream’s business strategy impacted by the pandemic? And, was the recent lift in livestreaming a fad or lasting trend? Restream, which was founded to help gamers livestream to Twitch …read more

Source:: Businessinsider – Technology


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