Shenhav & Co. Represented Wibbitz Ltd. in the closing of its $20M series C financing round, led by Bertelsmann Digital Media Investments (a subsidiary of German media conglomerate Bertelsmann), with participation from, among others, TF1, the Weather Channel Group and the Associated Press.
Wibbitz is a text-to-video creation platform built for publishers, enabling them to produce videos more efficiently, providing intuitive editing tools and top-quality licensed content from partners, including Reuters and Getty Images.
Its advanced text-to-video technology can automatically produce premium branded videos using text content in seconds.
Wibbitz has been awarded Best Mobile Publishing Product at the Mobile World Congress, and the Grand Prix Award by UNESCO for Worldwide Innovation.