Vimeo raised $150m as its parent company consider a spin-off of the video platform

Amid record revenue growth, US holding company and parent of Vimeo, IAC raised $150m for the video hosting/sharing platform and detail plans to separate Vimeo as its own company. During IAC’s Q3 earnings report, CEO…

Live streaming platform Caffeine raise $113m in funding

Gaming, entertainment and creative arts live broadcaster Caffeine raises $113 million in Series D funding. Caffeine are a competitor to live streaming platforms such as Twitch and YouTube, launching out of beta in November last…

UK Government announce £1.57 billion in funding for the arts

After an outcry from those in the music industry for the Government to help out music venues with the #LetTheMusicPlay initiative, Boris Johnson announced £1.57bn in funding for the arts. In May, the Music Venue Trust…

Music Venue Trust call on the UK Government for £50m funding for venues

Music Venue Trust has raised £2 million in the UK for venues who face permenant closure due to COVID-19. Now MVT request urgent help from the Government. Since launching the #saveourvenues initiative in April and…

Headspace raise another $47.7m, on top of $93m raised in February

Meditation and mindfulness app Headspace raise $47.7 million in funding, after $93 million raised last February. This funding comes for good reason. In February the app reported 62 million downloads and 2 million paying subscribers….

The Music Venue Trust provide 140 British music venues with much needed funding

140 British music venues have been taken off the MVT’s “critical” list after a rush of donations from fans, artists and music industry professionals. After raising $1.8 million, The Music Venue Trust’s #saveourvenues initiative has…

Quibi’s founder blames lack of users on coronavirus pandemic

After a relatively small number of signups, short-form video app Quibi’s founder Jeffrey Katzenberg has said “I attribute everything that has gone wrong to coronavirus. Everything.” Former head of Walt Disney Studios and founder of…

Support SoundCloud artists with the click of this new button

SoundCloud have added a new feature to help artists raise money either for themselves in these difficult times or for others like charity. Many artists have been forced into a tight spot by the Coronavirus…

7digital secured £500k loan, keeping the company afloat

After a shaky 2019 and recently suffering markets, London-based company 7digital have been handed a lifeline to help them continue operations. The unnamed lender has handed over a £500,000 ($643k) 12 month loan, with interest…

SoundCloud just got investment from SiriusXM the owners of Pandora

SoundCloud have just gained some very interesting investment of $75 million from the owners of music streaming service Pandora. SoundCloud have long been a paragon of their own independence and that of artists. Standing on…