Total amount raised
$383 Millions
Latest funding date
1/1/2025
Location
Triller has successfully raised significant funding across multiple rounds, including a $4.5M seed round and a $5M Series A round.
With backing from notable investors like KCP Limited and ClearVue Partners, Triller continues to grow its presence in the digital media landscape.
What Is Triller?
Triller, founded in 2015 in Los Angeles, California, is an AI-powered music video app that allows users to create professional-looking videos effortlessly. The platform is popular among celebrities and has garnered millions of downloads.
Founded by David Leiberman, Ryan Kavanaugh, and Sammy Rubin, Triller offers features like auto-editing, video filters, and social streaming. The app enables users to share and connect through music videos on various social media platforms.
With a team of 101-250 employees, Triller continues to innovate in the digital media landscape, providing a seamless video creation and sharing experience for its users.
How Much Funding Has Triller Raised?
- Seed Round
- Amount Raised: $4.5M
- Date: May 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand AI technology and develop the brand as a talent discovery platform.
- Series A
- Amount Raised: $5M
- Date: February 2018
- Lead Investors: Carnegie Technologies
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Focus on expanding AI technology and brand development.
- Series B
- Amount Raised: $28M
- Date: October 2019
- Lead Investors: Proxima Media
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance platform features.
- Series C
- Amount Raised: $100M
- Date: October 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and improve user engagement.
- Venture Round
- Amount Raised: $200M
- Date: August 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and invest in new technologies.
- Post-IPO Equity
- Amount Raised: $50M
- Date: January 2025
- Lead Investors: KCP Limited
- Valuation at Round: $295M
- Motivation Behind the Round: To enhance the platform with new AI tools, live-streaming capabilities, and a revamped editing suite.
Total Amount Raised: $387.5M. Current Valuation: $295M.
Key Investors
- KCP Limited
- Details: KCP Limited is a diversified investment firm with a focus on strategic growth and innovation. They have a significant stake in Triller, controlling 7.25% of the company's common stock.
- Investment Focus Areas: Technology, Media, Entertainment
- Notable Investments: Triller, [Other notable investments not publicly disclosed]
- ClearVue Partners
- Details: ClearVue Partners is a private equity firm that invests in consumer companies in China. They focus on growth-stage companies with strong market potential.
- Investment Focus Areas: Consumer Goods, Retail, Food & Beverage
- Notable Investments: Red Star Macalline, Joyoung, Triller
- Proxima Media
- Details: Proxima Media is a media investment firm founded by Ryan Kavanaugh. They specialize in financing and producing high-profile media projects.
- Investment Focus Areas: Film Production, Digital Media, Entertainment
- Notable Investments: Triller, Relativity Media, [Other notable investments not publicly disclosed]
- Carnegie Technologies
- Details: Carnegie Technologies is a technology company that provides innovative solutions in connectivity and communication. They have invested in Triller to support its technological advancements.
- Investment Focus Areas: Connectivity, IoT, Communication
- Notable Investments: Triller, [Other notable investments not publicly disclosed]
What's Next for Triller?
Triller stands at a pivotal moment, poised to capitalize on TikTok's potential exit from the US market. With initiatives like SaveMyTikToks.com and the recent $50 million equity funding, the platform is well-positioned to attract a significant portion of TikTok's user base. Enhancements such as new AI tools, live-streaming capabilities, and a revamped editing suite further bolster its appeal.
Future fundraising opportunities appear promising, especially with Triller's public listing on NASDAQ. This provides a solid platform for additional equity raises. However, challenges such as ongoing lawsuits over unpaid music licensing fees and fierce competition from other social media platforms could pose significant hurdles. Maintaining user engagement and navigating financial obligations will be crucial for sustained growth.
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