Israeli startup Slidely picks up $7.3 mln

Slidely has secured $7.3 million in funding. Benson Oak Capital led the round. According to the firm, the capital infusion will be used to open offices in the U.S. and develop new partnerships. Based in Tel Aviv, Slidely is a media-based social platform where users can share photos, videos and music.

PRESS RELEASE

TEL AVIV, Israel – April 10, 2014 – Slidely, the leading slideshow service for web, announced today that it has completed a round of funding led by Benson Oak Capital. The recently closed round is part of a wider funding campaign, with the company sharing that it has already initiated a B 1 round in order to deepen and expand its mobile presence. The company also announced that it is has surpassed 40 million unique users and that over three billion photos have been shared to its platform. The new funding alongside these important milestones are evidence of the rapid growth of the platform as the company prepares to expand by developing new partnerships and opening offices in the US.
Slidely is a fun and easy to use platform that lets users easily create visually engaging photo-videos, slideshows, galleries and other shareable creations. The platform gives users, powerful, yet incredibly simple tools to combine images, music, and effects and to express themselves through the visuals that define their lives.
In less than two years, millions of users have flocked to the service in order to put a musical and artistic twist on their photos and videos. Users can either upload photos from their own devices and social networks, photos their friends have uploaded, or they can easily find popular images on the web. They can then combine them with fun effects and music to create new images and videos. Slidely’s unique technology enables quick and easy creation and allows users to quickly switch their media collections from one medium to the next, empowering users and recipients alike to engage over and over with their visual moments.
“Slidely as a platform thrives on the energy and contributions of its highly engaged community of users. They are the lifeblood of the company and all of the work we do is to provide them with the best platform possible to express themselves and share the significant moments in their lives via a incredibly visual and dynamic platform,” said Tom More, CEO of Slidely. “We are also incredibly proud to announce that we have recently emerged as the number one, online slideshow platform driven by high engagement by our users.”
The company shared that users are spending an average of 7.5 minutes on the site per visit and that a Slidely is created every three seconds.
In addition to expanding its mobile presence, Slidely is planning on using this funding to develop new partnerships and open offices in the US, they are currently looking into the Silicon Valley and NYC tech hubs for their new branch.

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