About BitMovio
BitMovio is a Media & Entertainment company based in Palo Alto (United States) founded in 2018 by Simon Zhu. Decentralized video distribution platform. BitMovio has raised $600 thousand across 2 funding rounds from investors including IMO Ventures, Basis Set Ventures and BlockCentury. Its chief executive, as recorded, is Simon Zhu. Its focus areas include OTT Video, Video Distribution, Content Delivery Network and Peer2Peer. Its legal entity is BitMovio, Inc. Its competitors include Theta Token, Flixxo and StreamRoot; 2 of its 3 listed competitors have raised funding.
Company details
BitMovio was founded in 2018 in Palo Alto, United States, within the blockchain and media sectors. A decentralized platform for video distribution is maintained, with incentives integrated for peer-to-peer bandwidth sharing. Transactions are processed and secured using smart contracts. Features such as gifting, subscriptions, advertising, and crowdfunding are incorporated. Payments in Bitcoin and Ethereum are supported.
- Net Profit-$332.82 K (USD)as on Dec 31, 2019
- Total Equity Funding$600K (USD)
in 2 rounds
- InvestorsIMO Ventures
& 4 more
Funding Insights of BitMovio
BitMovio has successfully raised a total of $600K across 2 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $600,000
- Total Rounds 2
- First Round $600,000
(Sep 2018)
- Investors Count 5
All 2 funding rounds of BitMovio with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2019 | Seed | – | – | – | |
| Sep 2018 | $600,000 | Seed | – | – |
5 investors in total: 5 institutional.
Investors in BitMovio
BitMovio has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include IMO Ventures, Basis Set Ventures and BlockCentury.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
VC firm investing in tech startups across US and China | imo.vc | San Mateo, United States | ||
Early-stage venture capital is provided to AI-native startups. | 2017 | basisset.ventures | ||
Global innovation is empowered through blockchain-powered financial solutions. | 2017 | blockcentury.com | ||
VC firm investing in seed and early stage companies in the US | seraphgroup.net | Tampa, United States | ||
Offers AWS cloud migration, AI/ML, and managed services to various industries. | 2007 | northbaysolutions.com | Cambridge, United States |
Investor details for BitMovio
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of BitMovio
1 people are tracked at BitMovio (1 in leadership).
| Name | Role | Group |
|---|---|---|
Simon Zhu | Co-Founder & CEO | Leadership |
Complete people profiles for BitMovio
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Timeline of BitMovio
3 dated milestones of BitMovio across 1 years, from founding to its latest funding, stage changes and deals.
- Founded BitMovio is founded.
- Funding First funding round of $600K.
- Funding Latest funding round, Seed,.
Competitors of BitMovio
BitMovio has 3 listed competitors in our database, 2 of them funded. They include Theta Token, Flixxo and StreamRoot.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| thetatoken.org | 2016 | Cupertino, United States | $9.26M | 97 | Decentralized peer-to-peer video delivery is enabled through token rewards. | |
| flixxo.com | 2014 | Portland, United States | Videos are distributed via a community platform with user rewards. | |||
| streamroot.io | 2013 | New York, United States | $5.7M | 3 | Peer-to-peer video streaming technology is provided to connect users efficiently. |
Detailed competitors of BitMovio
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Top companies in OTT & Streaming Media
3 companies that operate in the same segment as BitMovio (OTT & Streaming Media) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Video content is streamed through subscription-based OTT platform. | 2007 | Santa Monica, California, United States | USD 100 M | 2,314 | ||
ESports social video streaming platform | 2006 | San Francisco, California, United States | USD 35.12 M | |||
Subscription-based platform for streaming soccer content is offered. | 2015 | New York, New York, United States | USD 154.63 M | USD 1.62 B | 590 |
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Related news about Bitmovio
Complete news archive for BitMovio
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Frequently Asked Questions about BitMovio
BitMovio was founded in 2018.
BitMovio is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Simon Zhu is the CEO of BitMovio, as recorded in our data. They have also founded this company.
BitMovio is a funded company, having raised a total of $600K across 2 funding rounds to date. The company's 1st funding round was a Seed of $600K, raised on Sep 2018.
BitMovio was founded in 2018 in Palo Alto, United States, within the blockchain and media sectors. A decentralized platform for video distribution is maintained, with incentives integrated for peer-to-peer bandwidth sharing. Transactions are processed and secured using smart contracts. Features such as gifting, subscriptions, advertising, and crowdfunding are incorporated. Payments in Bitcoin and Ethereum are supported.
BitMovio's top competitors include Theta Token, Flixxo and StreamRoot.
BitMovio has 5 investors. Key investors include IMO Ventures, Basis Set Ventures, BlockCentury, NorthBay Solutions, and Seraph Group.
BitMovio operates through Bitmovio, Inc..