Crater raises $700K in seed funding
Interactive media platform Crater announced that they raised $700 thousand in seed funding from LC Nueva AIF, TransContinental Venture Fund, along with multiple angel investors including Prakash Mody (CEO, Unichem) and Naresh Wadhwa (President, Asia Pacific and Japan, Arista Networks) among others.
The company has stated that they will be using the capital raised to develop their product further and grow the platform.
Originally launched under the brand name WorkNetwork, the Bengaluru-based startup boasts a user base of over 5000 creators and mentors. Claiming itself to be a cross between platforms Twitch and LinkedIn, Crater.Club sees itself becoming an end-to-end solution for distribution, engagement, and monetisation for mentors and creators.
Co-founder and CTO of Crater, Vignesh Parasad stated, “On Crater, you can join live streams with creators and mentors, have curated interactions with peers and take part in live auctions. Our goal is to enable creators and mentors with distribution, engagement and monetisation. While 56 percent of creators create content in the entertainment and gaming sector, we are focusing on the other 44 percent that includes content created by stock traders, marketers, advisors and designers.”
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