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Exclusive: InVideo in talks to raise $40 Mn at $200 Mn valuation

Video production and editing platform InVideo is in talks to raise a Series B round from new and existing investors, said three people aware of the details of the transaction. The fresh proceeds will come for the San Francisco-based firm just after seven months since their last round.

“A new investor would spearhead InVideo’s $40 million new financing round whereas existing investors including Tiger Global, Sequoia and RTP Global would also participate,” said one of the sources, requesting anonymity as discussions are private. 

If the round goes through, the two-year-old firm will end up raising a total of $57.5 million across two institutional rounds. It had raised $15 million Series A in October and a $2.5 million seed round led by Surge and several angels.

InVideo was part of the second cohort of Sequoia’s accelerator program.

According to sources, there has been a lot of inbound interest from new investors and more institutional investors may join the potential round.

Entrackr could not map out the name of the new investor who is expected to lead this round.

Founded by Sanket Shah and Harsh Vakharia, InVideo offers video editing and ads making software for creators. It’s like automated assistants to make videos better. As per its website, 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,” said the second person who also wished not to be named. 

Queries sent to InVideo and Sequoia didn’t elicit any immediate response whereas Tiger Global has declined to comment on the story.

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.

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