Livestorm Secures $30M Series B to Expand Europe & US Market Presence

Livestorm's 2020 Series B funding round facilitated a strategic push into larger markets, directly impacting its competitive stance in the video engagement platform sector. This expansion signals increased direct competition for established players in the US and European webinar and online events space. Going forward, watch for Livestorm's subscriber growth figures and specific market share gains in its target regions as indicators of the success of its go-to-market pivot.

Livestorm's $30 million Series B funding in November 2020 (TechCrunch) brought its total raised to $35 million, following a Series A round in September 2019 (Tracxn). The company emphasized using this capital for product development and North American expansion, with the US already representing one-third of its customer base and its fastest-growing market (TechCrunch). At the time of its Series B, Livestorm reported an 8x revenue growth since its Series A and an increase to over 3,500 customers, including Shopify and Honda (TechCrunch). CEO Gilles Bertaux noted the shift in video communication, describing it as a commodity, and stated Livestorm's focus on the overall experience and integration ecosystem, aiming to become the "HubSpot for video communications" (TechCrunch).