MikMak cell video buying system raises $three.2M seed led by VaynerMedia
Aug 3, 2016
MikMak, the provider that makes and distributes short-variety “mini-mercials” so end users can store via video, has right now introduced the close of a $three.2 million seed round, led by VaynerMedia, with participation from Sluggish Ventures, UTA Ventures, Courageous Ventures and MX Investments. As part of the round, Gary Vaynerchuk will be signing up for MikMak’s Board. MikMak introduced back in Might of 2015 with a one of a kind tactic to the intersection of e-commerce and promoting. MikMak offered SMBs and suppliers the possibility to list their goods on the MikMak buying community (MikMak app), exactly where all those goods would be marketed by short, amusing videos. MikMak dealt with all of the creation charges of the video, but took a small percentage of every single sale designed by the system. Flash ahead a yr and MikMak founder Rachel Tipograph has learned a handful of matters about what suppliers want out of the system: to very own their consumer information, use their most well-liked buying cart and personalize these videos to their very own brand name voice. Therefore, MikMak is launching a SaaS product or service in the coming months that will permit multiple groups at a big retailer like JCP or brand name like L’Oreal just take a lot more regulate about the MikMak experience. Clientele will be equipped to integrate the MikMak provider into current buying cart platforms, select the SKUs that change into mini-mercials and select exactly where all those videos will air on the MikMak distribution system, which involves publishers like BuzzFeed. MikMak would make these videos by choosing up-and-coming comedians and actors and turning the studio into a creation line, capturing back to back on a quantity of goods. Pricing for the SaaS product or service is nonetheless mysterious, as the product or service has still to launch publicly. You can study a lot more about MikMak in this article.