Pibox Completes $400K Pre-Seed Raise, Joins Techstars Toronto

Pibox, the SaaS platform for team collaboration with media files, was accepted into the latest cohort at Techstars Toronto. The Ukrainian-based company has raised $400 thousand from Techstars (the lead investor) along with Adventures Lab (previous investment in Reface), Globalive Capital, 70 Ventures, and Presto Ventures.

Techstars is a fully remote program that began in October and ends with a demo day on January 11, 2022.

Techstars Toronto is a mentor-centric program that includes individuals from Google, Amazon, Sony, and Peloton as well as numerous investors and potential customers.

“The management of Techstars has long followed our progress; we have been growing quickly and our client base includes Universal, Epidemic Sound, Sony, Red Bull, National Gallery of Art (Washington), and Michigan Technological University. With this fundraise, we intend to expand our team, develop our go-to-market (including across multiple creative verticals) approaches, and continue building out our product capabilities. Pibox is building out its brand positioning for video and podcast productions, branding agencies, and media industry specialists.,” said Ivan Talaychuk, co-founder of Pibox.

The platform provides customers with a simple and easy-to-use interface, making it possible to structure workflows alongside content.

By using media files inside the application, the customer can leave comments, draw on video, and select crucial moments with an accuracy of milliseconds. Chat and fixed storage structures are also available. Pibox replaces several programs used for communication by a creative team, school, or project, including between a customer and contractor; examples include: mail, messenger, file hosting service, and task manager.

“We are excited to invest in Pibox and look forward to working with the ambitious team to help them scale into the North American market,” adds Sunil Sharma, Managing Director of Techstars Toronto.

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