Gfycat raises $10 million to help creatives fire up the memes

Gfycat raises $10 million to help creatives fire up the memes

Rita Rudzinsky  ⋅  22 Sep 2016 16:34:14

A startup called Gfycat (which is pronounced “Jiffy Cat”) has raised a mammoth $10 million seed round to turn its aA startup called Gfycat (which is pronounced “Jiffy Cat”) has raised a mammoth $10 million seed round to turn its already popular user-generated content platform into a revenue generating concern. On the content creation side of its business, the startup reports that 2.5 million unique users have already created 25 million “Gfycats,” or short, silent, looping animations and video clips. Gfycat also boasts 75 million monthly active users on the viewer side of its platform, who watch 1.5 billion user-generated GIFs and clips there per month.lready popular user-generated content..

Continue Reading

Related Posts