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Israeli Video Chat Co Life On Air Raises $52m

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Monday, December 12th, 2016

Life On Air’s Houseparty, which allows large groups to participate in live chat, is one of this year’s most popular apps.

As reported in Globes:

Israeli startup Life On Air Inc. has raised $52 million for its live video chat app Houseparty. The financing round was led by Sequoia Capital with the participation of previous investors Aleph VC, Comcast Ventures and Greylock Partners. The company has raised $70 million to date and the “Wall Street Journal” reports that the venture capital funds were competing to invest in the latest financing round.

Houseparty is an immensely popular app, launched in early 2016, which allows large groups to participate in live chat if they are members in the chat group. Thus participants can know exactly who they are chatting with. Houseparty has been one of the most downloaded apps this year from Apple’s iStore.