StreamElements News
12 articles
StreamElements sacking over 35% of workforce in third round of layoffs | CTech
StreamElements, an Israeli startup, is laying off 60 employees, which accounts for 35% of its workforce. This is the third round of layoffs for the company, with previous layoffs of 20% in June 2022 and 40 employees in January of this year. The company, founded in 2017, provides production tools and services for content creators across platforms like Twitch, YouTube, and TikTok. StreamElements raised $100 million in funding led by SoftBank Vision Fund 2 in September 2021. The layoffs are a result of challenging market conditions and a slowdown in the advertising market, which has affected the companys revenue. Despite the layoffs, StreamElements remains committed to its role in the content creator economy.
Layoffs
StreamElements unveils 2023 Creator Diversity Program winners
StreamElements has announced the 16 recipients of its 2023 Creator Diversity Program (CDP). The initiative, now in its third year, aims to provide content creators from overlooked communities with professional livestreaming services, equipment, support, and funds to help them optimize their channels for success. The selected creators include disabled individuals, people of color, LGBTQIA2S+, women, and those of APIM (Asian, Pacific Islander, and Middle Eastern) identities. The program will run from May 2023 to May 2024.
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StreamElements renews Creator Diversity Program for 2023
StreamElements has renewed its Creator Diversity Program (CDP) for the third year. The program is designed to support emerging Twitch streamers from under-represented backgrounds. StreamElements will select 15 applicants to support through its CDP. Each recipient will receive a variety of benefits, including a $3,000 grant via PayPal, educational resources from StreamerSquare, and other professional and technical support from StreamElements and Razer. The program, which began in September 2020, is open to creators who identify as Black, People of Color, Women, LGBTQAIS2+, or Individuals with disabilities.
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StreamElements sacks 20% of team for the second time in seven months | CTech
StreamElements, a gaming startup, is laying off 40 employees, which accounts for 20% of its workforce. This is the second round of layoffs for the company, which had previously laid off 20% of its team in June. The layoffs are attributed to the slowdown in the advertising market and among content creators. StreamElements aims to restructure and continue growing while building a route to profitability. The company raised $100 million in funding led by SoftBank Vision Fund 2 in September 2021, with participation from PayPal Ventures, MoreTech, and existing investors.
Layoffs
Why HelloFresh struck an ad deal with StreamElements to reach the gaming community
Meal kit company HelloFresh has partnered with livestreaming services provider StreamElements for a performance marketing campaign targeting smaller and mid-sized streamers. This marks HelloFreshs first venture into the livestreaming space. The campaign involves streamers receiving branded overlays and graphics, as well as a unique product link to share with their communities. StreamElements only gets paid when a purchase is made. More than 10,000 creators have participated in HelloFresh sponsorships via StreamElements. The campaign has been nominated for a Streamy Award.
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StreamElements to lay off 20% of employees less than a year after raising $100 million led by SoftBank CTech
StreamElements, a SoftBank-backed Israeli startup, has announced that it will be laying off 20% of its employees, despite recently raising $100 million in funding. The company employs 170 people in total, with 70 based in Israel. The layoffs are attributed to the need to adjust plans in order to sustain high growth and achieve profitability. StreamElements provides engagement and monetization tools for live and VOD content creators, with over 1.1 million creators worldwide using its services. This announcement follows similar cutbacks by other SoftBank-backed Israeli startups, Cybereason and Trax.
Layoffs
StreamElements acquires YouTube multichannel network Paragon
StreamElements announced the acquisition of YouTube multichannel network Paragon. The acquisition aims to expand StreamElements reach in the VOD space and provide new tools and support to Paragons content creators. StreamElements plans to offer broadcasting, monetization, and audience engagement technology and support without taking a commission from standard ad revenue streams. The partnership aims to strengthen the brands and revenue stream opportunities for Paragons creators.
Acquisition
StreamElements nabs $100M as it passes 1.1M creators using its platform to build and monetize video content
StreamElements, a platform that provides production and analytics tools to livestreamers and video creators, has raised $100 million in funding. The company plans to use the funds to expand its presence on new platforms, enhance its on-demand video capabilities, and attract more creators to its platform. StreamElements has experienced significant growth, with usage of its platform growing by 233%. The company is also making executive changes, with co-founder Gil Hirsch taking on the role of CEO. SoftBank Vision Fund 2 is leading the funding round. StreamElements creator tools are currently free to use, and the company generates revenue through brand partnerships. The company aims to tap into the global market and become a ubiquitous platform for creators.
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Stream Elements Reveals Top Twitch Games by Viewership for August
StreamElements highlights the most popular games on Twitch in August, with League of Legends, Fall Guys, and Among Us among the top contenders. The chart shows the number of hours viewers watched for each game, with League of Legends taking the top spot. Fall Guys had an impressive debut, becoming one of the biggest battle royales in the world. Among Us saw a significant surge in popularity, with a 650% increase in hours watched compared to previous months. The article suggests that Among Us and Fall Guys are likely to continue their success in September.
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StreamElements Raises $11.3 Million Series A to Expand Video Creation
StreamElements, a production platform for live-streaming, has raised $11.3 million in Series A funding. The company experienced tremendous growth in its user base, donations to streamers, and brand partnerships. StreamElements expects creator revenue to exceed $40 million in 2019 and aims to become the dominant streamer production platform on Twitch. The funding will be used to enhance the platforms features and expand its global Brand Partnership team. StreamElements has partnered with companies like Red Bull, Sennheiser, Warner Brothers, Trojan, and 7-11. The company provides marketing tools for brands, talent agencies, publishers, eSports teams, and influencer marketing firms.
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Israeli live-streaming co StreamElements raises $11.3m
Israeli startup StreamElements has raised $11.3 million in Series A funding. The companys production platform for live-streaming has experienced significant growth, with a 600% increase in user base over the past year. StreamElements is now used by over 200,000 live channels on Twitch and YouTube Live. The funding will be used to further grow the companys brand partnerships and global team. StreamElements predicts that it will become the dominant streamer production platform on Twitch by the end of 2019.
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StreamElements Launches On YouTube to Enhance Live Stream Engagement, Customization, and Revenue
StreamElements has launched its all-in-one platform for YouTube to help live broadcasters produce engaging broadcasts and capture audience feedback. The platform is already used by over 148,000 live streamers to increase exposure, audience engagement, and revenue. User data shows new viewer acquisition growth of over 70%, with increased revenue in the form of tips and donations of up to 30%. StreamElements and YouTube have collaborated on an open beta program for several months, refining the platform for YouTube live streamers and building awareness within the community.
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