Jeff Fluhr–who co-founded StubHub, where he served as CEO from inception until its $310 million acquisition by eBay in 2007–raised a $7 million Series A round for Spreecast, the latest startup he’s co-founded.
The company, which launched early last year and has been in public beta since November 2011, operates a social video platform company. Basically, Spreecast offers users the ability to video chat with up to four participants and stream the broadcast to an unlimited number of viewers. Unlike Google+ Hangouts, which is contained solely with the G+ social network, Spreecast chats can be re-broadcast and embedded on other sites. It also integrates with Twitter and Facebook.
Fluhr, who is one of the featured speakers at our Venture Alpha conference on Oct. 18, told me that the company previously raised about $4 million from various angel investors, including Oren Zeev, founding partner of Orens Capital, who will also be on stage with Fluhr at Venture Alpha in a fireside chat. Fluhr and Spreecast raised the $7 million Series A from GGV Capital, Meakem Becker Venture Capital and MentorTech Ventures, among others. The release is posted here.
When Fluhr demoed the product to me in June at his office in San Francisco, he said the technology to capture instant face-to-face communication online and on mobile didn’t exist five years ago.
“A lot of different pieces of video technology and browser updates have emerged in recent years, where there’s no latency in viewing and in which users can have a deep, emotional connection with others they are video chatting with, face-to-face,” says Fluhr, CEO of Spreecast. Some notable use cases of Spreecast have already come to light, including an 18-year-old high school student in New York who used Spreecast to propel himself to win a seat on the local school board.
“Jeff has a big vision for Spreecast,” says Jeff Richards, a partner a GGV Capital and another featured speaker at our Venture Alpha conference. “He’s kept Spreecast under a low-profile, no marketing, and we like entrepreneurs who take their time, but we’re seeing a lot of growth in social video technology worldwide and Spreecast is poised to be a big part of that.”
Photo of a Spreecast screen image courtesy of Spreecast.Related