Venture capital firm Accel led a seed funding round for digital creator network CreatorStack, investing $2 million. The round also saw investments from On-Deck’s The Runway fund, PointOne Capital, and Wekan, alongside angel investors in the media, entertainment, and future-of-work sectors, notably Hotstar’s SVP (Growth), Kumar Akash.
CreatorStack is a market network for digital creators that helps members produce content, engage with their community and brands, and launch independent creative careers. The founders said the funds would be put towards building a global creator-centric platform.
The company, with offices in India and the United States, was founded last year by Deobrat Singh, Kevin William David, and Nachiketas Ramanujam, and currently has over 1000 beta signups from content creators.
Says co-founder Deobrat Singh, “We are in the beginning of a new world, where the content gatekeepers of yesterday will become irrelevant. There are different entities involved in a creator's success - fans, teams, investors, brands. We can unlock huge monetary value by providing a trusted way for all these entities to authentically collaborate together through data and insights.” Speaking about the new addition to the portfolio, Dinesh Katiyar, partner at Accel said, “With the rapid growth of the global creator economy, creators are emerging as small businesses, in need of sustainable monetisation models. With its well-designed, innovative product and a great team for execution, CreatorStack is well-poised to leverage this macro-dynamic shift like no other existing platform.”
About Accel: Accel (www.accel.com) is a leading venture capital firm that invests in people and theircompanies from the earliest days through all phases of private company growth.Atlassian, Braintree, Cloudera, CrowdStrike, DJI, Dropbox, Dropcam, Etsy,Facebook, Flipkart, FreshWorks, Jet, Qualtrics, Slack, Spotify, Supercell,UiPath and Vox Media are among the companies the firm has backed over the past35 years.