Whereby raised $12 million from German VC Point Nine, SaaStr fund and angel investors.
Whereby, an Oslo, Norway-based video conferencing SAAS developer, announced the completion of a $12 million capital funding round.
The money was raised from backers including the German VC Point Nine Capital, the US-based investor SaaStr fund and more than 20 angel investors such as Josh Buckley (CEO, Producthunt), Elizabeth Yin (Hustlefund) and Jason M. Lemkin (founder of Saastr).
Whereby was founded in 2013 when Norwegian company Videonor bought a solution called Appear.in from Telenor. Appear.in, operated by Ingrid Ødegaard, Svein Willassen and CEO Øyvind Reed, developed a video collaboration tool that allows setting up video conversations effortlessly with up to eight people simultaneously.
Later on the company changed the name and established itself in the market, riding the market momentum provided by the pandemic-diven demand for video meetings.