Startup Bigscreen closed an $11 million Series A funding round, adding to the $3 million the company already received.
For those unfamiliar, Bigscreen started by building a screen-sharing service allowing people to meet up in VR and share whatever is happening on their computer’s screen. This could mean watching a Netflix movie, playing a videogame or working on a project together. The round was led by existing investors including True Ventures with participation from Andreessen Horowitz. Founder Darshan Shankar wrote in an email the plan is to build a 15-20 person team by the end of next year.
“We will continue to operate conservatively and remain a small team,” he wrote. “The funding secures our future and ensures that Bigscreen will be here for the long run.”
Shankar, in a blog post, revealed some notable metrics:
As a small, fully remote team of developers around the world, we’ve spent very little of our $3 million seed financing. With several years of runway ahead of us, we didn’t need to raise additional funding.
However, over the past year, Bigscreen has grown significantly to more than a quarter million users. In just the past few months–led by several major product updates–our core metrics grew over 300%. Our power users spend 20–30+ hours using Bigscreen every week, and many users have spent more than 1,000 hours in Bigscreen.