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.
Source: TechCrunch
