To help achieve its mission to democratize the entertainment content distribution and financing model, BitMovio, Inc. is raising growth capital through an offering launching today on Netcapital (https://netcapital.com/companies/bitmovio). The offering is primarily directed at the general public worldwide under the U.S. Securities and Exchange Commission’s Crowdfunding rules adopted under the Jumpstart Our Business Startups (JOBS) Act.
Featuring a freemium revenue model, BitMovio is a blockchain-enabled, gamified video entertainment platform built for the Fortnite generation. “We feel strongly that democratizing investment in early stage companies is consistent with our core values as it allows anyone to invest in BitMovio and become brand ambassadors to help grow our community and advocate for our mission,” said Simon Zhu, CEO and Cofounder of BitMovio.
BitMovio was established in the summer of 2018 out of the Play Labs @ MIT accelerator. The company has assembled a world-class team with decades of experience in technology, media, software, blockchain, gaming, eSports, and content streaming and licensing. The collective team resume includes Oscar winning filmmakers and experienced senior executives from companies including Netflix, Amazon, Fox, The Walt Disney Company, Facebook, Coinbase, Endemol Shine Group, NBC Universal, CBS, and more.
“Current video streaming platforms do not provide users or content creators with the levels of interactivity, engagement and choice that we believe Millennials and younger audiences will demand from video streaming services going forward. Beyond subscription (SVOD) and advertising-supported (AVOD) video streaming services, we believe a 3rd lane will emerge — Freemium Video Streaming. This will be a massive opportunity — perhaps even larger than SVOD and AVOD combined — to introduce proven, highly-profitable gamification techniques of the kind perfected by Epic Games in Fortnite into video streaming,” said Jerry Kowal, Chief Content Officer and Cofounder of BitMovio.
Featured in VentureBeat, Yahoo Finance, Business Insider, Streaming Media, Bitcoinist.com and dozens of other publications, BitMovio launched its open-beta product in web, iOS and Android in the first half of 2019. At present, BitMovio has:
- Raised ~US$1.2 million from leading investors in Silicon Valley, New York City and Boston
- Onboarded 6,500+ hours of content from partners such as World Poker Tour, Endemol Shine Group, Gunpowder & Sky, Diagonal View (digital video arm of Sky Limited, a subsidiary of Comcast), The Young Turks, etc, and from many top individual creators on YouTube working in the eSports and paranormal genres in particular
- Acquired over 17,000 registered users and growing, with average daily engagement time of ~ 20 minutes per user on mobile; unique monthly users total over 50,000
To learn more about BitMovio, Inc. and the opportunity to participate in this offering, visit Netcapital’s online portal . Please be aware that equity investments in private placements are speculative and involve a high degree of risk, and those investors who cannot afford to lose their investment should not invest. Investors should not make any investment decision without carefully reviewing the materials on Netcapital’s website.
BitMovio is a next-generation gamified video entertainment marketplace, connecting forward-thinking content creators and passionate consumers. BitMovio is a cross between Twitch, Netflix and Patreon, powered by blockchain technologies and in-platform virtual currency, which enables content creators, consumers, and financiers to transparently and instantaneously exchange value and attention. Backed by top-tier venture capital firms in Silicon Valley, New York City and Boston, BitMovio is on a mission to disrupt the video entertainment industry’s centralized content distribution and financing model.
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BitMovio website: https://www.bitmov.io/
Netcapital is a private securities platform that brings together entrepreneurs and investors. For entrepreneurs, Netcapital reduces the complexity and cost of issuing shares, fundraising, and collaborating with investors. For investors, Netcapital provides deal flow and tools to track investments. Through its funding portal, broker-dealer, transfer agent, and custodian relationships, Netcapital provides services to private markets that are inspired by public markets. The Netcapital funding portal is registered with the U.S. Securities and Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA), a registered national securities association, as required by SEC rules.