Interactive streaming platform Adventr raises $5M in seed funding

  • 12/20/2021 - 17:00
  • 1 Wiev

FounderandCEODevoHarrisgottheideaforAdventrwhileworkingwiththemusicindustry’sbiggestartists.

“AdventrwasinspiredbymyexperiencecreatingcontentforartistslikeKanyeWest,BritneySpearsandNas,”hesaid.“ThemusicvideoswhereIintroducedinteractivecomponentsshotupinpopularity,provingthatengagingviewerswasnotjustaboutexpensivefootageandediting.”

So,HarrissteppedoutofhisroleasaGrammy-winningmediaexecutiveandintotheshoesofanearly-stagestartupfounder.Now,Adventrisadrag-and-dropSaaStoolforcreating,viewingandsharinginteractivemedia—peoplecaninteractwiththevideosthroughtouchscreens,clicksandeventheirvoice.Adventrpatentedthisvoice-controlledtechnology,called“SmartListen,”whichallowsmediacontenttochangemid-streambasedonvoicecommands.Thistechnologycouldbeappliedtoadvertisements,whereaviewercansaysomethinglike“buythegreenshirt.”Or,ifacreatormadeamovieinAdventr,theycouldinviteaudiencememberstotellthecharacterswhattodo,likesaying“don’tgodownthathallway!”tothestarofahorrorfilm.

Asofnow,thepatentedSmartListenfeaturesaren’tquitereadyyet,butHarrissaidthattheywillbeavailableforselectpartnersinearly2022.

“It’sagamechangerandisgoingtoopencreators’mindstothepossibilitiesofconnectedmediabeyondclickinginavideo,”Harristoldtechnewss.

Adventrusespatentedvoice-controltechtoallowanyonetocreateinteractivevideos

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AdventrcompetedintheStartupBattlefieldattechnewssDisruptthisfall,earningatop-5finalistspotonlyaboutayearafterlaunch.Thecompanyhasrefineditsproductinbeta,with8,000users,includingAsiaNetNews,MSIGaming,SKInteractiveandtheNewSouthWalesgovernment.Thesecompaniesalsocanseeanalyticsabouthowusersareinteractingwiththeirvideos,whichoffersanotherwaytolearnabouttheirconsumers.

AfterDisrupt,Adventrraised$5millioninseedfundingledbyPaladinCapital,alongwithReinventureCapital,In/VisibleVentures,andEGOT-winnerJohnLegend,whoalsohappenstobeHarris’longtimecollaboratorandformercollegeroommate.

“Wesawasix-figurejumpinrevenueimmediatelyfollowingDisrupt,andtothisdaywereceiveinboundsfrompeoplewhoseeourpitchvideoonline,”Harrissaid.

Adventrplanstousethisfundingtocontinuebuildingoutitsteam—whenthecompanyparticipatedintheStartupBattlefield,theyonlyhadfiveemployees.ThecompanyrecentlybroughtonformerVimeoGeneralManagerPeterGerardasaproductlead.Harrissaidthatsoon,Adventrwillrolloutintegrationsintosocialmediaplatforms,allowingcustomerstosharetheirinteractivevideosnativelyonthoseplatforms.

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