Kapwing is a laymen’s Adobe Creative Suite built for what people actually do on the internet: make memes and remix media. Need to resize a video? Add text or subtitles to a video? Trim or crop or loop or frame or rotate or soundtrack or… Then you need Kapwing. The free web and mobile too is built for everyone, not just designers.
In a year since coming out of steal with 100,000 users, Kapwing has grown 10X. Now it wants to go pro, building out its $20/month collaboration tools for social media managers and scrappy creative teams. But it won’t forget its roots with teens, so it’s dropped its pay-$6-to-remove-watermarks tier while keeping its core features free.
Eager to capitalize on the meme and mobile content business, CRV has just led an $11 million Series A round for Kapwing. It’s joined by follow-on cash from Village Global, Sinai, and Shasta Ventures plus new investors Jane VC, Harry Stebbings, Vector, and the Xoogler Syndicate.
More info to come
Written by Josh Constine
This news first appeared on https://techcrunch.com/2019/09/24/kapwing/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Techcrunch+%28TechCrunch%29 under the title “Meme editor Kapwing grows 10X, raises $11M”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.
