Livepeer Secures $20 Million in Series B1 Funding on January 5, 2022
LPT
LPT
-3.77%
According to industry reports, Livepeer closed a $20 million Series B1 funding round on January 5, 2022. The round included participation from Tiger Global, Digital Currency Group, Warburg Serres, Northzone, and Alan Howard. Following this financing, Livepeer's total cumulative funding reached $51 million.Livepeer is a decentralized video streaming network focused on supporting developers in building video streaming applications. As the real-time media layer within the decentralized (Web3) development technology stack, the network is operated by a decentralized group of node operators who are token holders. Compared to traditional cloud service providers, Livepeer offers video streaming services for both conventional and Web3 platforms at a lower cost.In terms of its development timeline, Livepeer raised $3 million in February 2018, launched its mainnet in May of the same year, and saw its native token LPT begin trading on major exchanges in December. Subsequently, the company completed an $8 million Series A round in June 2019 and a $20 million Series B round in July 2021, demonstrating robust growth momentum. With sustained demand in the video streaming market and ongoing advancements in Web3 technologies, Livepeer's decentralized video streaming solutions are poised for broader adoption in the future.
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LPT fundraising-history
| fundraising-Round | fundraising-amount | fundraising-valuation | fundraising-time | fundraising-investor |
|---|---|---|---|---|
| series-b1 | fundraising-$M | -- | 2022-01-04 | Tiger Global,Digital Currency Group,Warburg Serres,Northzone,Alan Howard |
fundraising-key-milestones
- 2022-01-05Livepeer raised $ 20 M in Series B1 round
- 2021-07-29Livepeer raised $ 20 M in Series B round
- 2019-06-17Livepeer raised $ 8 M in Series A round
- 2018-12LPT is live for trading
- 2018-05-15Livepeer is live on mainnet
- 2018-02-01Livepeer raised $ 3 M in funding round
24hour-high
$5.56
24hour-volume
$2.57M
alltime-high
$99.03
alltime-low
$0.354
market-cap--f
100%
fdv
$242.56M
24hour-low
$4.96
market-cap
$242.56M
circulating-s
46.28M LPT
total-supply
46.28M LPT
max-supply
46.28M LPT
market-sentim
positive
| 1H | 24H | 7D | 30D | 1Y |
|---|---|---|---|---|
1.17% | 2.85% | 14.99% | 16.41% | 45.08% |
