Korean startup VideoMonster eyes raising Series A funding this year

VideoMonster, a Korean startup that enables users of its app to make professional-level videos, is planning to raise a Series A round this year, its CEO, Donghyuk Chun, disclosed.

The investment, he said, will be used to boost VideoMonster’s capacity and surpass two million users by 2023, with more advanced services on offer to cater to the rapid growth of video production demand at home in Korea and abroad.

For this year, VideoMonster plans to launch its service in India, Indonesia, and the MENA region.

The startup is also planning on scaling up its customer base, including the B2B market with SaaS application allowing customized API SW embedding for e-commerce, live commerce digital signage platforms.

The company is also working on an overseas expansion plan with its service already available in Japan, Vietnam, and Thailand. VideoMonster offers complete localization in English, Korean, Japanese, Thai, and Vietnamese languages, with assistance and design fonts available in the local language.

VideoMonster has developed the technology to equip everyone to make professional-level videos. The startup’s short-form video-making platform allows creating captivating videos of 30-seconds duration in just 3 minutes.

“The demand for video making is skyrocketing. However, there is a lack of expert video editors that can affordably support the customers’ needs. Video Monster is all set to fill that gap,” the startup said in a press release.

The free video editing application has transformed experts’ design files into an easy-to-use UI that makes video editing as simple as just drag and drop.

Once the video is placed on the app, it takes care of the rest, with its 3900+ video templates integrated into a cloud rendering engine. As a result, this free video editor makes professional video creation easy, VideoMonster said.

The app currently has more than 200,000 users, including startups, corporates, advertising agencies, and government institutions.