Vessel grabs another fund of $57.5 Million after 3 weeks of launch

What does Vessel do?

Vessel is building next gen video platform. Users can get their favorite web seires, music videos and complete segments from TV. You will only receive the best as you will be receiving professional videos from top creators so you do not have to search to find the good videos. This will save you time. you can follow channels and categories based on your interests and get an early access to the new releases for only $2.99 per month and you do not have to commit to it and cancel anytime as you wish.

How much Vessel was funded?

Vessel raised $57.5M in Series B funding on April 17^th, 2015 from Institutional Venture Partners (IVP), Greylock Partners, Bezos Expeditions and Benchmark.

Previous funding

$75M in Series A funding on June 24, 2014 from  Bezos Expeditions, Benchmark and Greylock Partners.

What is next for Vessel?

The startup has an ambitious plan for transforming the online video.  Vessel is taking some basic concepts which were successful in making people for watching streaming versions of their favorite shows and applying those concepts to the YouTube videos. The new funding of $57.5M will be used to help in expanding its engineering team while enabling it to get new content.

More about Vessel

Vessel was founded in 2013 by Richard Tom and Jason Kilar. It has its headquarters in San Francisco, CA.  Vessel is trying to create a subscription service for web video stars. It is solving one of the main problems in the web video industry which, how you should not rely on advertising to make money. Users are charges $3 a month for the early access to the latest videos by some of the stars. These stars receive  a percentage of the subscriber revenue and in exchange they must not release their videos on YourTube or other video streaming sites for 72 hours.