Dubsmash, an app which allows users to share lip-synced selfie videos with their friends and acquaintances….ah ! you know what Dubsmash is ! Everybody loves Dubsmash ! Well, investors love it too, and as a reason, the app just raised $5.5 million in a Series A funding round led by Index Ventures.
Two years ago when this viral video making app was introduced by the Berlin-based startup, no one quite knew its name or the point in sharing selfie videos at all. But as social trends changed, Dubsmash found its way into almost everyone’s smartphones and is now one of the most popular ways of sharing selfie videos across the world.
The app, available for both iOS and Android (you can get 3rd party clients for Windows Phone), allows you to lip-sync with famous dialogues or songs and record selfie videos, fixes and edits the videos according to your needs and then allows you to showcase them on your social connections. It has reached peak positions like the number one spot on Apple’s App Store in 78 countries and the top 10 in 118 countries, says the company.
Today’s investment round was led by Index Ventures with firm co-founder Danny Rimer joining the company’s board. Other notable investors to join the round include Lowercase Capital, ENIAC Ventures, Sunstone Capital, Raine Ventures and King Digital Entertainment CEO Riccardo Zacconi.
While figures show that Dubsmash’s popularity has been dropping by quite a bit in the US for a while now, the company still believes that their app is still a very intuitive way of sharing selfie videos. Many celebrities like Hugh Jackman, Jennifer Lopez and Arnold Schwarzenegger have also been seen sharing Dubsmashs every now and then.
