Stream has raised a total of $58.3 million across four funding rounds, establishing itself as a leader in API and SDK solutions for in-app chat, video, and activity feeds. The platform supports over 500 million users, providing scalable and flexible communication solutions for developers.
What is Stream and What Does It Do?
Stream, founded by Tommaso Barbugli and Thierry Schellenbach, is a technology company headquartered in Boulder, Colorado, with an additional office in Amsterdam, Netherlands. The platform offers APIs and SDKs that enable developers to create rich chat, video, and activity feed experiences, facilitating in-app engagement and community interactions at scale.
How Much Funding Has Stream Raised?
- Pre-Seed Round
- Amount Raised: $1.75 million
- Date: August 2015
- Lead Investors: Brad Feld/FGAngels, Techstars Ventures, Tahoma Ventures, Social Starts, Galvanize, Dharmesh Shah, Wayne Chang, Jud Valeski, Kyle Wild, James Powell
- Motivation: To capitalize on feed technology and reduce in-house development costs.
- Seed Round
- Amount Raised: $3.5 million
- Date: August 2017
- Lead Investors: Arthur Ventures
- Motivation: To expand the team and accelerate product development.
- Series A Round
- Amount Raised: $15 million
- Date: August 2020
- Lead Investors: GGV Capital, 01 Advisors, Knight, Arthur Ventures, Datadog CEO Olivier Pomel, GitHub co-founder Tom Preston-Werner
- Motivation: To meet the increased demand for online services in sectors like healthcare and education.
- Series B Round
- Amount Raised: $38 million
- Date: March 2021
- Lead Investors: Felicis Ventures, 01 Advisors, GGV Capital
- Motivation: To expand Stream’s existing business and develop new features.
Total Funding Raised: $58.3 million
Latest Funding Date: March 1, 2021
Key Investors
- Felicis Ventures
- Details: Venture capital firm led by Aydin Senkut.
- Investment Focus Areas: Technology, Healthcare, Consumer Products.
- Notable Investments: Adyen, Plaid, Shopify.
- GGV Capital
- Details: Global VC firm investing across the U.S. and China.
- Investment Focus Areas: E-commerce, SaaS, Consumer Internet.
- Notable Investments: Alibaba, Slack, Square.
- 01 Advisors
- Details: VC firm co-founded by former Twitter executives Dick Costolo and Adam Bain.
- Investment Focus Areas: Technology, Social Media, SaaS.
- Notable Investments: Bird, SpotOn, Lyric.
- Arthur Ventures
- Details: Early-stage VC focused on enterprise software.
- Investment Focus Areas: Enterprise Software, SaaS, Cloud Computing.
- Notable Investments: Leadpages, Terminus, Zipnosis.
- Techstars Ventures
- Details: Venture arm of the Techstars accelerator program.
- Investment Focus Areas: Technology, SaaS, Consumer Internet.
- Notable Investments: Sphero, SendGrid, DigitalOcean.
Where Is Stream’s Headquarters?
Stream operates from Boulder, Colorado, and Amsterdam, Netherlands, providing access to both North American and European tech ecosystems. This dual presence facilitates partnerships, talent acquisition, and global customer support.
What’s Next for Stream?
Stream plans to expand its API and SDK solutions, introducing features like end-to-end encryption, chatbots, and video enhancements. The platform serves over 500 million users and continues to experience strong revenue growth.
Future growth will be driven by demand in healthcare, education, and virtual events. Stream will need to navigate competition and integration complexities while continuously innovating to maintain its leadership in communication APIs and SDKs.
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