Clipchamp

About

Clipchamp is a browser-based video creation platform whose editor enables individuals, teams, and organizations to produce high-quality videos without complex software or specialized equipment.

Mission

The article reports that an undisclosed Brisbane startup has received a $1 million investment from Baxter. Baxter said the company's revenue growth was ""too enticing to ignore."" The piece identifies Baxter as one of Queensland's most high-profile investors. No information on the startup's product, business model, user metrics, or founding year was provided in the article. Details on the investment instrument (equity, debt, or other), valuation, and any participating co-investors were not disclosed. The published piece is brief and behind a subscription paywall, limiting further publicly available details. Clipchamp is a video creation platform whose editor 'Create' lets anyone make high-quality, picturesque videos without relying on equipment, complicated software, or previous video production experience. Launched five years ago by Alex Dreiling, Soeren Balko, David Hewitt and Tobi Raub, the company has grown to over eight million registered users worldwide. Its user base includes team members from companies such as Google, Tesla, Sony, Microsoft and Deloitte, and the platform serves SMEs, mid-large corporates, educational organisations, solopreneurs, influencers and creatives. In November 2020 Clipchamp raised $9M in a Series A led by Tola Capital with participation from TEN13 and existing investors. The company said it will use the funds to grow its team in Australia and at its US office. Originally founded in Australia, Clipchamp has reincorporated in the United States while keeping its headquarters in Brisbane, Australia.

Quick Facts