Mobile live streaming company FlyOnWall today announced it has raised $3 million in Series B funding from private investors. The company (formerly called LiveLens) plans to use the funds to launch its new live streaming product and expand its product development and marketing efforts.
FlyOnWall CEO Max Bluvband said, “This is a young, fast-growing market that’s still very much up for grabs. In June, we’ll be making a significant product announcement that will make the competitive environment much more interesting and that addresses a huge market that’s been neglected until now. After more than a year with LiveLens in the market, we’re incorporating feedback and data from our users to create this amazing new product, FlyOnWall.”
The live streaming market is expected to grow dramatically and holds potential across a wide range of applications, from sports and events to politics, news, marketing, religion and much more.
“We’re focused on online communities and engagement between users, elevating the experience for them beyond just the live stream, and this approach has proven quite successful,” added Bluvband.
FlyOnWall lets users stream live video from their mobile devices and share it anytime, anywhere. The original LiveLens app was named to several Best Apps lists, including Mashable and AppAdvice. Founded in 2013, the company is headquartered in Tel Aviv and New York City and previously raised $2.5 million in Series A funding.
Published by Globes [online], Israel business news - www.globes-online.com - on May 20, 2015
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