Blackbird PLC (LSE:BIRD) has launched a fundraising round targeting approximately £2 million through a mix of placing, subscription, and retail offers. The capital raised will be dedicated to advancing and speeding up the market rollout of elevate.io, its browser-based content creation platform. This funding supports elevate.io’s expansion within the rapidly growing Creator Economy, projected to double in value by 2027, and aims to solidify its position as an innovative video editing solution.
Since launch, elevate.io has demonstrated promising growth, with rising paid user numbers and lower customer acquisition costs, indicating strong momentum toward achieving product-market fit.
About Blackbird PLC
Blackbird PLC is a technology company specializing in cloud-based video editing software. Its flagship product, Blackbird®, is a leading cloud video editing platform, while elevate.io offers online collaborative video editing and content creation capabilities. The company focuses on serving the Creator Economy and corporate clients, delivering cutting-edge tools to simplify and enhance video production workflows. Despite current profitability and cash flow challenges, Blackbird’s solid equity base and strategic growth initiatives position it well for future expansion.
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