CKROWD SECURES PRE-SEED FUNDING AND EXPORT GRANT INVESTMENT 24 November, London, UK:Ckrowd,Africa?s most preferred and
accessed with ease and consumed as on demand short videos
premium content streaming platform,has secured a $60,000
and live series.
of pre-seed funding and $100,000 export grant investment, respectively from an international angel investor group, as
Ckrowd?s receipt of the grant as part of the EEFP is a testament
well as backing from the Export Expansion Facility Programme
of the importance of the tech entertainment industry and how
from NESP.
important is to diversify African digital economies, by
The investment will be used to disrupt the African and Afro-diaspora tech and content creation market and allow
capitalising on many verticalsding culture, edutainment, information, an, includ e-sports. Ckrowd?s ground-breaking use of video technology and monetisation features to securely offer a profit to content creators, also confirms the company?s commitment to promote opportunities to help increase the exports of the creative industry and revenues earned by content creators. Sensing an opportunity, Kayode and his team launchedCkrowd?s as a technology service to export African local content for global consumption and position the technology to generate foreign exchange, revenue and create job opportunities for
Ckrowd secured new investments f rom EEFP and angel invest or group t o create more revenues f or Af rica?s creative market and f ost er new jobs opportunities f or the youth.
African youth. Kayode Adebayo, Ckrowd?s CEO said: ?This is a great win for African people. The Ckrowd platform, similarly to a large arena
African content creators across Africa and the Diaspora to
in the cloud, can broadcast live & short on
monetise their content and protect their content through
demand video content and charges access fees on behalf of
structured IP and copyright infrastructure.
the creators of those content. This allows the platform to
The African creative sector possesses the buoyancy and potential to earn 2.5 billion dollars, according forecast from global consultancies. This comes as a result of the Continent?s young population and the many untapped opportunities, however, the lack of immediate revenue from produced local content, the disparity in renumeration with some of the Western content creators, the lack of understanding of cultural difference across African countries, and lack of intra-African content integration have impeded real exponential growth for the creative industries in Africa. The
uniquely function as an EdTech, Media-Tech & Ad-Tech hybrid. We continue to welcome investments as we continue to grow partnerships across the continent and the African Diaspora. Our mission is to tell our stories, shine a light on the beauty of African culture and lifestyle, while delivering economic value to African creators, who have always and are pioneers and trailblazers in showcasing the beauty of our culture and our people. The platform pays 70% of total income on content to creators, which we believe it?s the highest pay-out on digital content to African Creators.?
export grant will all allow many storytellers and content
Ckrowd plans to use its new capital to double down and
creators to profit from revenue opportunities on the platform,
expand with new innovative technologies and strategies to get
while also providing an online portal where original, exclusive
more customers, accelerate growth and intra-African creative
varieties of African content are well organized, can be
industries.In addition to that, the company plans to hire more talent, especially in product, R&D and engineering.
