Ukrainian startup Pibox has secured $1.2 million in a fresh investment to launch its audio and video collaboration tools for the creative industries. The list of Investors includes Presto Ventures, Globalive Capital, and Startup Wise Guys, as Pibox announced to AIN.
About Pibox
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Pibox is an all-in-one Los Angeles-based service for teams collaborating on media files, founded in 2017 in Ukraine by brothers Ivan and Pavlo Talaichuk. The platform allows users to upload media files, add participants to projects, and set tasks related to file editing, all while facilitating communication and feedback.
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It allows private interaction and high-level oversight, so that collaborators can riff together and leaders can see how projects are faring.
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Pibox also offers customizable features such as metadata management, playlists, custom integrations, and reporting. These robust tools have boosted team efficiency by 86%, helping creatives spend less time on figuring out edits and more time on producing high-quality work.
“I set out to solve my own problem because I hate switching between multiple apps to work on my creative content. It was scattering my mind, so I decided to connect everything in one place,” says Ivan Talaychuk, who is a music producer and creative himself.
Currently, this Pibox is used by such well-known companies as Universal Music, Sony, Red Bull, Epidemic Sound, etc.
Investment details
AIN talked with Presto Ventures, which clarified that the financing is an extension of the older round, which was backed by Presto Ventures, Globalive Capital, and Startup Wise Guys. Pibox didn't disclosed the names of angel investors, which participated later. Also, Pibox included in this financing a grant from Google for Startups.
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Presto Ventures is a European VC investor, supporting CEE+ startup ecosystem: founders, startups, incubators, funds. Presto Ventures connects frontier technologies, strategic investments, and purpose: to create a safer, more secure future.
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Globalive Capital provides venture studio services and seeks to invest in businesses across industries such as HRtech, Realtech, Fintech, Healthtech, Biotech, and drone technology sectors
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Startup Wise Guys is a European startup accelerator initially B2C-focused, they now specialize in various verticals, maintaining a strong, human-centered approach.
Pibox will use the funding to expand into the US market and to serve more use cases and customers across music, broadcasting, and advertising.
Previously AIN informed that Google for Startups announces the 2nd cohort of Ukrainian startups to receive up to $100k equity-free grants, which Pibox was part of.
