This is mmhmm, Libin’s virtual presentation startup, in action. The funding, which includes a $21 million Series A investment led by Sequoia, an additional $5 million raised for Libin’s startup studio All Turtles and $5 million in debt from Silicon Valley Bank, likely values mmhmm in the ballpark of $100 million, all before its general launch. “It was one of those things that somebody shows to you, and you just say, I want that,” Botha says. The startup already connects to the big videoconferencing players of Cisco, Google, Microsoft and Zoom, as well as YouTube. Still, mmhmm will likely find itself in a turf race to emerge as virtual video’s fun-maker toolkit.

Source: Forbes October 07, 2020 15:16 UTC