About Vigo Video
Vigo Video is a Media & Entertainment company based in Xiamen (China) founded in 2013, and was acquired by Toutiao in January 2017. Video-based social networking platform. Vigo Video has raised $72.5 million across 2 funding rounds from investors including Toutiao, Kleiner Perkins and Sequoia Capital. The company was acqui-hired. Its focus areas include Consumer, Social Platforms, Horizontal and Video Sharing. Its competitors include Kuaishou Technology and YY; 1 of its 2 listed competitors has raised funding.
Company details
Vigo Video was established in 2013 in Xiamen, China, as a video-based social networking platform. Short videos of up to 15 seconds are discovered, produced, edited, and shared by users within this network. Elements like music, filters, animations, and emojis are incorporated into the content. Original videos earn Flames as rewards, which are redeemable for cash upon reaching specified limits. Access is provided through applications on Android and iOS devices.
- Headquarters Xiamen, China
- Stage Acquired
- SectorsMedia & Entertainment
- Email••••••••
- Website vigovideo.net
- Acquired by Toutiao (Jan 2017)
Funding Insights of Vigo Video
Vigo Video has successfully raised a total of $72.5M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $70 million completed in July 2015. 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 $72.5M
- Total Rounds 2
- Last Round Series B — $70M
- First Round $2.5M
(Mar 2013)
- Investors Count 6
All 2 funding rounds of Vigo Video 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 |
|---|---|---|---|---|---|
| Jul 2015 | $70M | Series B | – | Sequoia Capital | |
| Mar 2013 | $2.5M | Series A | – | Mind Fund, CRV | – |
7 investors in total: 7 institutional.
Investors in Vigo Video
Vigo Video has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Toutiao, Kleiner Perkins and Sequoia Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Sequoia Capital is engaged in venture capital investments. | 1972 | sequoiacap.com | ||
Venture capital investments in technology startups and entrepreneurs. | indexventures.com | |||
Venture capital firm investing in early-stage tech startups | 1972 | kleinerperkins.com | Menlo Park, United States | |
Early-stage tech-focused VC firm funding companies in Asia and the US | mindfund.com | Honolulu, United States | ||
CRV is recognized as a venture capital firm investing in technology startups. | crv.com | Palo Alto, United States | ||
Venture capital firm investing in early-stage technology and real estate companies. | trinityventures.com | |||
Personalized news aggregator app | 2012 | toutiao.com | Beijing, China |
Investor details for Vigo Video
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Timeline of Vigo Video
4 dated milestones of Vigo Video across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Vigo Video is founded.
- Funding First funding round of $2.5M.
- Funding Latest funding round, Series B, of $70.0M.
- Exit Acquired by Toutiao.
Competitors of Vigo Video
Vigo Video has 2 listed competitors in our database, 1 of them funded. They include Kuaishou Technology and YY.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| kuaishou.com | 2011 | Haidian, China | $4.79B | 8,000 | Social platform for sharing short videos | |
| yy.com | 2005 | Guangzhou, China | Online live video platform for social entertainment in China. |
Detailed competitors of Vigo Video
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Top companies in Social Platforms
2 companies that operate in the same segment as Vigo Video (Social Platforms) in China, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Social platform for sharing short videos | 2011 | Haidian, Beijing, China | USD 4.79 B | USD 17.72 B | 6,336 | |
Micro-blogging platform for real-time updates and multimedia sharing is operated. | 2009 | Beijing, China | USD 586 M |
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Related news about Vigo Video
Complete news archive for Vigo Video
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Frequently Asked Questions about Vigo Video
Vigo Video was founded in 2013.
Vigo Video is headquartered in Xiamen, China. It is registered at Xiamen, Fujian, China.
Vigo Video is a funded company, having raised a total of $72.5M across 2 funding rounds to date. The company's 1st funding round was a Series A of $2.5M, raised on Mar 2013.
Vigo Video was established in 2013 in Xiamen, China, as a video-based social networking platform. Short videos of up to 15 seconds are discovered, produced, edited, and shared by users within this network. Elements like music, filters, animations, and emojis are incorporated into the content. Original videos earn Flames as rewards, which are redeemable for cash upon reaching specified limits. Access is provided through applications on Android and iOS devices.
Vigo Video's top competitors include Kuaishou Technology and YY.
Vigo Video has 7 investors. Key investors include Toutiao, Kleiner Perkins, Sequoia Capital, Index Ventures, and Mind Fund.
Yes. Vigo Video was acquired by Toutiao in January 2017.