InVideo to raise $40 Mn at $200 Mn valuation

Video production and editing platform InVideo, founded by Sanket Shah and Harsh Vakharia is in talks to raise a Series B round from new and existing investors.

As per the source, a new investor would spearhead San Francisco-based InVideo’s $40 million (Rs 290 crore) financing round and existing investors including Tiger Global, Sequoia and RTP Global would also participate.

In October 2020, InVideo had raised $15 million in its Series A round led by Sequoia Capital. More institutional investors may join the round, the sources added. "InVideo will be valued anywhere between $180 million (Rs 1,307 crore) and $200 million (Rs 1,452 crore) in this round.

As per the source, it has a portfolio of over 4,000 templates and nine million images which are being used by over a million users across the globe. Its paid plans start from $10 a month to up to $30 for premium features. P&G, Dropbox, Reuters and ATT among others are its clients.

The term sheet for the deal has been signed and due diligence is currently underway. InVideo will be valued anywhere between $180-200 million in this round. InVideo competes with many firms including Animoto, Adobe, Filmora, Canva among others in the US and western markets while Rocketium and Stryexpress are its major competition in India.