About Promo
Promo is a company based in Tel Aviv (Israel) founded in 2012.. Promo has raised $16 million across 2 funding rounds from investors including Getty Images and Mizrahi-Tefahot Bank. Promo operates in a competitive market with competitors including Vimeo, Wondershare, Vidyard, Jellysmack and Captions, among others.
- Headquarter Tel Aviv, Israel
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Sectors
TechnologyMedia & Entertainment
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Promo
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$16 M (USD)
in 2 rounds
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Latest Funding Round
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Investors
Getty Images
& 1 more
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Employee Count
Employee Count
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Funding Insights of Promo
Promo has successfully raised a total of $16M 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 Total Funding
- Total Rounds 2
- Last Round Last Round
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First Round
First Round
(25 May 2021)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2021 | Amount | Series B - Promo | Valuation | Getty Images |
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| May, 2021 | Amount | Debt – Conventional - Promo | Valuation |
investors |
| 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 Promo
Promo has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Getty Images and Mizrahi-Tefahot Bank. 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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Royalty-free stock photos, creative images, and vectors are supplied globally.
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Founded Year | Domain | Location | |
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Commercial bank
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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 Promo
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 |
Financial Statements - Promo
| 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 |
Promo Comparisons
Competitors of Promo
Promo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Vimeo, Wondershare, Vidyard, Jellysmack and Captions, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Video hosting, creation, management, and streaming services are provided.
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| domain | founded_year | HQ Location |
Developer of software for video editing, PDF management, and data recovery
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| domain | founded_year | HQ Location |
A video marketing and analytics platform is provided for businesses.
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| domain | founded_year | HQ Location |
Video content creation platform for businesses
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| domain | founded_year | HQ Location |
AI-powered editing for photos and videos with captioning is provided.
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| domain | founded_year | HQ Location |
Interactive content creation platform is provided for brands.
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| 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 Promo
Frequently Asked Questions about Promo
When was Promo founded?
Promo was founded in 2012 and raised its 1st funding round 9 years after it was founded.
Where is Promo located?
Promo is headquartered in Tel Aviv, Israel.
Is Promo a funded company?
Promo is a funded company, having raised a total of $16M across 2 funding rounds to date. The company's 1st funding round was a Series B of $16M, raised on May 25, 2021.
What does Promo do?
Promo was founded in 2012 in Tel Aviv, Israel, as a platform focused on video ads and visual content creation. Operations center on tools like video makers, image resizers, calendars, and Facebook covers to support fields including real estate, marketing, travel, e-commerce, and gaming. Clientele encompasses companies such as Disney, Zoho, Bose, Virgin, and Hilton, with services aimed at enhancing business engagement through templated content production.
Who are Promo's investors?
Promo has 2 investors. Key investors include Getty Images, and Mizrahi-Tefahot Bank.