Singapore-based video production platform 90 Seconds raised $20m yesterday in a series B round that included technology and trading firm Susquehanna International Group (SIG), Tech in Asia reported.
Sequoia India, a local subsidiary of venture capital firm Sequoia Capital, also took part in the round, as did Airtree Ventures, Qualgro Venture Capital, Atami Capital and Right Click Capital.
Founded in 2010, 90 Seconds provides a cloud-based platform that enables businesses and brands to create video content through its network of videographers, editors, animators, drone operators, directors and technicians.
The company’s marketplace counts more than 12,000 creators across more than 160 countries and 900 cities, enabling users to buy, plan, film and edit content online or through a mobile device.
In addition to expanding its creator network, the company will use the cash to increase automation.
The round adds to a $7.5m series A round the company raised in 2016. Sequioa India led the round, investing alongside broadcaster Sky TV NZ, Airtree Ventures, Beenext and private investor Oleg Tscheltzoff.
Investment firm Jafco invested ¥60m ($506,000) in the company in 2015. That came two years after Opt SEA, the corporate venturing arm of digital marketing company Opt, provided an undisclosed amount of funding.