Live streaming platform LiveScale raises $1 million in first round of funding

livescale

Montreal-based LiveScale, offering a live video platform allowing its customers to broadcast events on multiple social networks and websites simultaneously, has closed a $1 million round.

“After more than three years of research and development, we are proud to offer a platform that is reliable, robust and scalable.”
– Virgile Ollivier

LiveScale raised the round from Real Ventures, with participation from Panache Ventures and Innostart. The funding will be used to support the company’s growth in Canada and to optimize its multi-cloud live video technology platform.

“After more than three years of research and development, we are proud to offer a platform that is reliable, robust and scalable, the current version capable of handling up to 1,500 events per day,” said Virgile Ollivier, CEO of LiveScale.

The company, founded in 2016, has developed a cloud platform that provides reach, engagement, and monetization for live video events and experiences. LiveScale said users can automate their live streaming and deploy on multiple cloud platforms, towards multiple outlets. The company claims more than 500 customers trust LiveScale to distribute its live video content on the main social networks (Facebook, Twitter, YouTube, and Twitch) as well as on their website and mobile.

RELATED: Live-streaming startup Stage Ten closes seed round led by Next 10 Ventures

Accompanying the launch of its service, LiveScale was selected as part of the Real Ventures-associated FounderFuel acceleration program, which started the search for its 2019 cohort in late 2018.

“The digital marketing trend shifting towards the live video format is undeniable,” said Sylvain Carle, partner at Real Ventures and mentor-in-chief at FounderFuel. “It has been clear for some years now that a technology allowing companies to broadcast their content on multiple web and mobile platforms is a necessary asset.”

Image courtesy Unsplash

Isabelle Kirkwood

Isabelle Kirkwood

Writer, globetrotter, drone pilot & David Attenborough enthusiast