Biteable Raises $7M Series A to Revolutionize Template-Based Video Creation
Key Funding Highlights
- $7M Series A led by Cloud Apps Capital Partners
- Total funding now exceeds $9M
- Existing investor Tank Stream Ventures participates alongside angel investors
The Pandemic’s Impact on Video Communication
As remote work and digital communication surged during COVID-19, Biteable experienced significant growth. CEO Brent Chudoba notes:
“The pandemic accelerated the video adoption trend that was already underway. Businesses now recognize video as essential for remote collaboration and creative messaging.”
Company Background & Leadership
Founded in 2015 in Hobart, Australia by:
- Tommy Fotak (CTO) - Software development expert
- Simon Westlake - Animation and production specialist
- James MacGregor (CPO) - Former BigCommerce executive
Chudoba joined as CEO in 2019, bringing experience from:
- SurveyMonkey (CRO)
- PicMonkey (COO)
- Calendly (Head of Business Operations)
What Makes Biteable Unique?
Professional-Grade Video Made Simple
Biteable bridges the gap between:
- Ease of use (template-driven platform)
- Professional results (studio-quality output)
Content Library Advantages
- 1.8M+ assets including:
- Licensed stock media (via Unsplash/Storyblocks)
- Proprietary animations/scenes
- Hundreds of new additions monthly
Target Use Cases
Unlike compe*****s focused on ephemeral social content, Biteable specializes in:
- Marketing videos
- Product explainers
- Recruitment content
- Training materials
Business Model & Traction
Subscription Plans
| Tier | Price | Key Features |
|---|---|---|
| Free | $0 | Watermarked videos, basic library access |
| Premium | $19/mo | HD 1080p, branding control, commercial rights |
| Team | $49/mo | Collaborative features, unlimited users |
Growth Metrics
- 6M+ total users (free + paid)
- 100K+ videos created monthly (doubled in 2020)
- Clients include professionals from Amazon, Microsoft, Google, Disney
Future Plans
With new funding, Biteable will:
- Expand its remote-first team (currently 46 across 4 regions)
- Enhance product development
- Scale enterprise capabilities
Investor Perspective
Matt Holleran of Cloud Apps Capital Partners states:
“Video adoption trends accelerated by 5+ years in 2020. Biteable combines a stellar team with a high-growth market opportunity—exactly what we look for in investments.”
Biteable’s professionally designed video templates (Image: Biteable)
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