French startup Powder raises $14 million in Series A funding
Powder, a deep tech startup, has raised $14 million in Series A funding round. The round was led by Serena, including General Catalyst, Slow Ventures, Alven Capital, Bpifrance through its fund Digital Venture, Secocha Ventures, Turner Novak, and Kevin Hartz.
Founded in 2018 by CEO Stanislas Coppin, CGO Barthélémy Kiss, CCO Yannis Mangematin, and CTO Christian Navelot, Powder is building the video infrastructure of social gaming, sourcing content from all gaming platforms. Powder lets gamers import game clips recorded on mobile (iOS, Android), PC, and consoles (Xbox, PlayStation, Switch). Gamers can then edit their game clips using the Powder video editor, which aims at democratizing gaming video editing by making it mobile-first and easy to use.
This round brings total funding to $18 million, after a pre-seed round of $400K in August 2018, a seed round of $1.5 million in March 2019, and then a $1.3 million extension last May.
“With this series A, we intend to increase the pace at which we are building the video infrastructure of social gaming,” says Stanislas. “Our goal is to create bridges with gaming organizations across the globe, starting with helping game publishers gain and retain audiences organically.”