Tech Company Financing Transactions

Descript Funding Round

Descript secured a $30 million Series B financing round on 1/13/2021. Backers included Spark Capital, Andreessen Horowitz and private investors.

Transaction Overview

Company Name
Announced On
1/13/2021
Transaction Type
Venture Equity
Amount
$30,000,000
Round
Series B
Investors

Spark Capital (Lead Investor) (Nabeel Hyatt)

Andreessen Horowitz

private investors (Alex Blumberg)

private investors (Bharat Mediratta)

private investors (Brian Pokorny)

private investors (Casey Neistat)

private investors (Devdatta Akhawe)

private investors (Ev Williams)

private investors (Jack Conte)

private investors (Jake Shapiro)

private investors (Jay Simons)

private investors (Jean-Denis Greze)

private investors (John Lilly)

private investors (Justine Ezarik)

private investors (Lenny Rachitsky)

private investors (Naval Ravikant)

private investors (Raghavendra Prabhu)

private investors (Rahul Vohra)

private investors (Shishir Mehrotra)

private investors (Tobi Lutke)

private investors (Todd Goldberg)

Redpoint Ventures

Proceeds Purpose
The funding will be to use the money to continue building out tools not just for mass-market and individual professional and amateur creators, but also, increasingly, organizations that might be using the tools for their own in-house video and audio needs, a use case that has definitely grown during the last year of global remote working.

Company Information

Company Status
Private & Independent
Industry
Digital Media & VR & AR
Mailing Address
385 Grove St.
San Francisco, CA 94102
USA
Phone
Undisclosed
Email Address
Overview
Descript is powered by Google Speech, which means you get state-of-the-art transcription accuracy. Audio is synced to text, so you can always hear the sound beneath the words - and search audio by searching text. If you need the perfection that only human-powered transcription can provide, upgrade to White Glove for 24 hour turnaround, just $1 per minute of audio.
Profile
Descript LinkedIn Company Profile
Social Media
Descript Company Twitter Account
Company News
Descript News
Facebook
Descript on Facebook
YouTube
Descript on YouTube

Management Team

Title
Name
Email & Social
Founder
Andrew Mason
  Andrew Mason LinkedIn Profile  Andrew Mason Twitter Account  Andrew Mason News  Andrew Mason on Facebook


 

 

Browse more venture capital transactions:

Prev: 1/13/2021: Cardea Bio venture capital transaction
Next: 1/13/2021: Workato venture capital transaction

 

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We do our best to report on every notable VC transaction. VC investment data records reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


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