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Video-editing SaaS platform <keyword id="13657708" type="General" weightage="100" keywordseo="videoverse" source="Orion">VideoVerse</keyword> on Wednesday said it has secured $46.8 million in its Series B funding that it will utilise to strengthen its team, technology and global footprint.<br /><br />Previously known as Toch.ai, VideoVerse is building the next-generation video editing ecosystem addressing a broad range of use cases in the post-production process.<br /><br />The funding round was led by A91 Partners, Alpha Wave Global and <keyword id="6364080" type="General" weightage="50" keywordseo="binny-bansal" source="Orion">Binny Bansal</keyword>, former co-founder of Flipkart.<br /><br />"As we chart out the next phase of our growth journey, these funds will help us in our mission to innovate on behalf of consumer needs and industry demands," said Vinayak Shrivastav, CEO and co-founder, VideoVerse.<br /><br />In October last year, the startup raised Series A funding from <keyword id="3143238" type="General" weightage="50" keywordseo="moneta-ventures" source="Orion">Moneta Ventures</keyword>, Baring Private Equity India, Binny Bansal and Ventureast, among others.<br /><br />Since then, its revenue has grown multifold while building a strong US tech and sales team, as well as setting up a data science and machine learning team in Israel.<br /><br />"Video creation and consumption will continue to see explosive growth, whether it is the latest binge-worthy web series, corporate branding video, sports content or short social video," says <keyword id="2626607" type="General" weightage="50" keywordseo="gautam-mago" source="Orion">Gautam Mago</keyword>, General <keyword id="6399933" type="General" weightage="50" keywordseo="partner" source="Orion">Partner</keyword> at A91 Partners.<br /><br />"What we liked about VideoVerse was that it provided a clear quantifiable value proposition to its users -- reducing time to edit by 95 per cent, reducing manpower costs by less than half and driving higher engagement upto 2-3x," added <keyword id="13657709" type="General" weightage="50" keywordseo="kanishk-tyagi" source="Orion">Kanishk Tyagi</keyword>, an investor from Alpha Wave Global.<br /><br /><strong>SEE ALSO:<br /><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/ceo-bonus-for-the-top-10-tech-giants-soared-400-amid-pandemic/articleshow/90949619.cms">CEO bonus for the top 10 tech giants soared 400% amid pandemic</a><br /><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/enterprise/news/netflix-has-lost-200000-subscribers-in-the-first-quarter-of-2022/articleshow/90950450.cms">Netflix share price tanks as the company records its first drop in users since 2011</a></strong><br />

Video-editing platform VideoVerse raises $46.8 million, expands globally

<p class="source"><span>SteadyPay</span></p><p class="caption">John Downie, CEO of tech startup SteadyPay</p><ul class="summary-list"><li>SteadyPay is an app that allows workers with fluctuating paychecks to top up their wages when they fall short. </li><li>Millions of people participate in the gig economy in the UK - with many working flexible hours through apps such as Uber or takeaway giant Just Eat.</li><li>The company has raised $4 million in a seed funding round, backed by venture capital firm Hambro Ventures and social impact fund Fair By Design. </li><li><strong><a href="https://www.businessinsider.com/prime?module=article&amp;area=summary">Click here for more BI Prime stories</a>.</strong></li></ul><p>SteadyPay, a startup that lets workers on irregular incomes top up their monthly wages, raised $4 million in a seed fundraising round backed by VC firm Hambro Perks. </p><p>Around 57 million people work in the US gig economy, according to analytics firm <a href="https://www.gallup.com/workplace/240929/workplace-leaders-learn-real-gig-economy.aspx">Gallup</a>, with many using  tech firms like Uber or Lyft to pay their bills. The same applies to 5 million workers in the UK. But due to the inconsistent nature of gig work, monthly pay packets can vary wildly. That's where SteadyPay comes in. </p><p>Speaking to Business Insider, cofounder and CEO John Downie said he hoped to make the gig economy an "easier place for people to work."</p><p>He said: "We want to have a positive impact on peoples' lives and help them avoid getting into debt spirals. We're pleased to have brought in investors who want to help create a better environment for these workers."</p><p>SteadyPay users are charged a weekly £4 (or $5.20) subscription fee. Based on an analysis of their previous paychecks, the company calculates their average weekly or monthly income, and offers them an interest-free top-up if their pay comes in below the line. Customers can borrow up to £1,000 (or $1,300) interest-free, and agree to a repayment plan that suits them. </p><p>The app, which had a soft launch in December 2018, only has "several hundred" users at present, according to Downie, but will target thousands more over the next year, including gig economy workers, those on zero-hour contracts, and freelancers.</p><p>He added that the company would use the new investment to scale up, making new hires and building on the startup's current nine-strong team. </p><p>The firm's new seed funding round is led by Hambro Perks, which previously backed online creative network <a href="https://the-dots.com/">The Dots</a> and Muslim dating app <a href="https://muzmatch.com/en-GB/">MuzMatch</a>, and Fair By Design, the social impact fund from Ascension Ventures. </p><p>Elena Moneta, principal of Hambro Perks and incoming director of SteadyPay, said: "Hambro Perks is thrilled to support SteadyPay in its mission to help gig economy workers overcome the hurdles of volatile pay. </p><p>"For the increasing number of gig and self-employed workers, having access to a simple and ethical solution to address the financial complexities that come with such work is key. As the company engages with its customers directly, we believe it will become the go-to financial partner for atypical workers."</p><p>Emma Steele, investment manager at Fair By Design, added: "We are very excited to bring on SteadyPay as another vital solution to the Poverty Premium. Along with the other solutions in the portfolio, SteadyPay solves a very important societal issue.</p><p>"By enabling freelancers and gig workers to have access to a more predictable income stream through their income top-up tool, we believe SteadyPay addresses a key aspect of financial vulnerability. We look forward to working with the team to support them on their journey to scale."</p><p class="tagline"><a href="https://www.businessinsider.com/intelligence/future-of-retail?IR=T&amp;itm_source=businessinsider&amp;itm_medium=ctgr_bii&amp;itm_term=ctgr_leadgen&amp;itm_content=uber&amp;itm_campaign=future-of-retail-2"></a></p>            <h3>NOW WATCH: <a href="https://www.businessinsider.com/stop-using-champagne-flutes-this-is-the-best-way-to-drink-champagne-2017-12">Stop using champagne flutes - this is the best way to drink champagne</a></h3>

SteadyPay raises $4 million to help gig economy workers stay afloat with salary top-ups

<p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><p class="source"><span>Abrams Artists Agency</span></p><p class="caption">Maxwell Mitcheson, Amanda Marzolf, Jade Sherman, Melissa DeMarco, Keith Bielory, Marienor Madrilejo.</p></div><p></p></div></div></p><ul class="summary-list"><li>With YouTube creators scaling their digital careers, the need for talent agents to assist in their various online ventures has increased. </li><li>Talent agents help their clients monetize their online brands, build lasting partnerships with companies through influencer marketing campaigns, and develop consumer products.</li><li>Business Insider took a look at the top agents working with YouTube influencers in 2019.</li><li><a href="http://newsletter.businessinsider.com/join/influencerdashboard">Sign up for Business Insider's influencer newsletter, Influencer Dashboard, to get more stories like this in your inbox every Thursday</a>. </li><li><a href="https://www.businessinsider.com/prime?module=article&amp;area=summary">Click here for more BI Prime stories</a>.</li></ul><p>Since the rise of YouTube influencers, Hollywood's top talent agencies, from WME to UTA, have developed digital-focused departments, and now work with popular YouTube stars.</p><p>From developing multi-platform businesses with new lines like podcasting, to securing brand partnerships with the likes of Louis Vuitton (for YouTube star Emma Chamberlain), to helping put out New York Times bestselling books (like YouTuber Shane Dawson's), agents have become a big part of many creators' teams. </p><p>Carolyn Moneta, a digital-media agent at WME - who manages top YouTube creators like Lilly Singh (<a href="https://www.youtube.com/channel/UCfm4y4rHF5HGrSr-qbvOwOg">14.9 million YouTube subscribers</a>) and The Dolan Twins (<a href="https://www.youtube.com/channel/UCITqR49EAUY8i1vZtXTwe-A">10.6 million</a>) - told Business Insider that she focuses on connecting clients with top brands and to help clients build out direct-to-consumer products. </p><p>Some YouTube creators have both a <a href="https://www.businessinsider.com/top-talent-managers-of-youtube-creators-influencers-power-list-2019-10">talent manager</a> and an agent to help build their digital brand. In those cases, <a href="https://www.businessinsider.com/top-talent-managers-of-youtube-creators-influencers-power-list-2019-10">a manager will often help with day-to-day work of crafting the creator's brand,</a> while an agent will work bringing in deals and on broader business strategy. The best talent agents are there to help clients (<a href="https://www.businessinsider.com/top-talent-managers-of-youtube-creators-influencers-power-list-2019-10">with their managers</a>) construct a lasting brand.</p><p><a href="https://www.businessinsider.com/top-talent-managers-of-youtube-creators-influencers-power-list-2019-10">Similar to managers,</a> agents earn revenue by receiving a cut of the influencer's earnings, which typically ranges from 10% to 20%, depending on how much the agent does for the client, according to industry insiders.</p><p>But who are the top agents in this rising space?</p><h2>See which talent agents made Business Insider's inaugural list of power players:</h2><h2><a href="https://www.businessinsider.com/top-talent-agents-of-youtube-creators-influencers-uta-wme-caa-2019-11">The top 18 talent agents for YouTube creators and influencers</a></h2><p><strong>And for more on the business of being an influencer, and a breakdown of how YouTube creators make their money, check out these Business Insider Prime stories below:</strong></p><ul><li><a href="https://www.businessinsider.com/harvard-student-sienna-santer-became-youtube-star-sharing-college-life-2019-11">A Harvard student with 265,000 YouTube subscribers breaks down how much money she earns as a college influencer</a>: Sienna Santer is a second-year Harvard student and a YouTube influencer with 265,000 subscribers.</li><li><a href="https://www.businessinsider.com/how-much-money-youtube-pays-creators-one-million-views-2019-10">A YouTube star and active-duty US Navy sailor shares how much money a video with 1 million views makes him</a>: Austen Alexander is an active-duty sailor for the US Navy and a popular YouTube influencer with 135,000 subscribers. </li><li><a href="https://www.businessinsider.com/how-much-money-youtube-pays-creators-one-hundred-thousand-views-2019-9">YouTube creator Natalie Barbu breaks down how much money she earns from a video with 100,000 views</a>: Natalie Barbu, a social-media influencer and YouTube creator with 227,000 subscribers, shared how much money she earns from a video with 100,000 views.  </li></ul>    <div class="margin-top">        <h3>NOW WATCH: <a href="https://www.businessinsider.com/inside-the-factory-where-30-million-plastic-poppies-every-year-armistice-wwi-wwii-2018-11">Inside the factory where army veterans make 7 million poppies every year</a></h3>        <div>                    </div>    </div>

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Video-editing platform VideoVerse raises $46.8 million, expands globally

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SteadyPay raises $4 million to help gig economy workers stay afloat with salary top-ups

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