About Medal
Medal is a company based in Naarden (Netherlands) founded in 2015 by Zaid Elnasser, Pim de Witte, and Iggy Harmsen.. Medal has raised $89.28 million across 7 funding rounds from investors including Arcadia Investment Partners, Horizons Ventures and OMERS Ventures. The company has 14 employees as of December 31, 2020. Medal has completed 4 acquisitions, including Fuze.tv, Gif Your Game and Megacool. Medal offers products and services including Medal App and Editing Feature.
- Headquarter Naarden, Netherlands
- Employees 14 as on 31 Dec, 2020
- Founders Zaid Elnasser, Pim de Witte, Iggy Harmsen
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Sectors
Media & Entertainment
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Medal, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$89.28 M (USD)
in 7 rounds
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Latest Funding Round
$13 M (USD), Series C
Jul 11, 2024
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Investors
Arcadia Investment Partners
& 12 more
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Employee Count
14
as on Dec 31, 2020
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Investments & Acquisitions
Fuze.tv
& 3 more
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Products & Services of Medal
Medal offers a comprehensive portfolio of products and services, including Medal App and Editing Feature. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Records and shares gaming clips for preserving key moments in games.
Edits captured gaming footage for quick sharing with friends.
Unlock access to complete
Funding Insights of Medal
Medal has successfully raised a total of $89.28M across 7 strategic funding rounds. The most recent funding activity was a Series C round of $13 million completed in July 2024. 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 Total Funding
- Total Rounds 7
- Last Round Series C — $13.0M
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First Round
First Round
(12 May 2016)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Series C - Medal | Valuation |
investors |
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| Dec, 2021 | Amount | Series C - Medal | Valuation | OMERS | |
| Dec, 2021 | Amount | Series B - Medal | Valuation | Dune Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Medal
Medal has secured backing from 13 investors, including venture fund and institutional investors. Prominent investors backing the company include Arcadia Investment Partners, Horizons Ventures and OMERS Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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A private investment firm focused on long-term capital partnerships.
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Founded Year | Domain | Location | |
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Horizons Ventures is focused on investing in deep science and technology.
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Founded Year | Domain | Location | |
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Early-stage technology-driven companies are targeted for venture capital investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Medal
Medal has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Fuze.tv, Gif Your Game and Megacool. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Cloud-based GIF creation software is offered for PC gamers.
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2018 | ||||
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Online video streaming platform offering gaming content
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2018 | ||||
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Video editing and recording software for gaming is provided.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Medal
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Medal Comparisons
Competitors of Medal
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Medal
Frequently Asked Questions about Medal
When was Medal founded?
Medal was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Medal located?
Medal is headquartered in Naarden, Netherlands. It is registered at Naarden, North Holland, Netherlands.
Who is the current CEO of Medal?
Pim de Witte is the current CEO of Medal. They have also founded this company.
Is Medal a funded company?
Medal is a funded company, having raised a total of $89.28M across 7 funding rounds to date. The company's 1st funding round was a Series C of $45M, raised on May 12, 2016.
How many employees does Medal have?
As of Dec 31, 2020, the latest employee count at Medal is 14.
What does Medal do?
Medal was founded in 2015 and is headquartered in Naarden, Netherlands. Tools for online gaming are developed, focusing on the recording and sharing of gameplay clips. Services include clip capture, editing, and distribution features tailored for gamers. Operations center on software platforms accessible via web and mobile. The company operates within the digital entertainment sector, supporting user-generated content in competitive gaming environments.
What products or services does Medal offer?
Medal offers Medal App and Editing Feature.
How many acquisitions has Medal made?
Medal has made 4 acquisitions, including Fuze.tv, Gif Your Game, and Megacool.
Who are Medal's investors?
Medal has 13 investors. Key investors include Arcadia Investment Partners, Horizons Ventures, OMERS Ventures, PEAK6, and Makers Fund.