StreamElements in sale talks amid fears of collapse
The Israeli-founded creator tools company is searching for a lifeline after raising more than $100 million.
StreamElements, which helps creators monetize online content, is in advanced negotiations with potential buyers in an effort to avoid a possible collapse, according to a statement published by the company on X.
“We’re in positive discussions with potential acquirers and working to find the best path forward for creators, customers, and our team,” the company wrote. “We’ll share more updates soon. We’ve spent over a decade building for creators and will do everything we can to keep supporting this community.”
The company, which has undergone several rounds of layoffs in recent years, was founded in 2017 by Or Perry, Doron Nir, Gil Hirsch (CEO), and Reem Sherman. StreamElements develops tools for livestream creators, including production software, notifications, chatbots, online stores, and tipping systems designed to increase engagement, manage audiences, and generate revenue.
In its latest funding round in 2021, the company raised $100 million from investors including SoftBank Vision Fund 2, PayPal, State of Mind Ventures, Pitango First, Menora Mivtachim, and Mivtach Shamir. To date, StreamElements has raised approximately $111 million.
