California-based interactive live streaming platform Maestro Interactive announced that it has secured a $15M USD Series B financing round from investors including NetEase, Sony Music Entertainment, Acronym Venture Capital, Stadia Ventures, Twitch co-founder Kevin Lin, and former Activision Blizzard executives Michael and Amy Morhaime via Moonwell Capital. Its latest financing round increased Maestro’s total funds raised to date to $22M.
In addition to the new investors, several existing investors also contributed to the round including SeventySix Capital, The Strand Partners, Stadia Ventures, Hersh Interactive Group, Transcend Fund, Richard Gatchalian, and Aaron Lewis.
Maestro revealed that it intends to use the investment proceeds to finance the value-chain expansion of its products and further diversify its customer base. According to a release, Maestro more than tripled its revenue in 2020 and grew its staff fivefold in the last six months.
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