San Francisco-based tech startup Lowkey announced that it has raised a $7M USD Series A financing round from Silicon Valley-based venture capital firm Andreessen Horowitz, Figma co-founder and CEO Dylan Field, Loom co-founder and CEO Joe Thomas, Plaid co-founders Zach Perret and William Hockey, and several unnamed investors from the gaming and social media industries. The company, which currently employs eight people, will use some of the investment proceeds to hire new talent.
Lowkey was created by Harvard graduate Jesse Zhang to build a software solution to capture gameplay videos on desktop, which can be edited and shared on mobile in a social format popularized by apps such as TikTok. The company initially launched its eponymous short gaming videos app in 2020 and just released its new mobile app.
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