Life On Air

Company Overview

Snapshot

Founded in December 2012 by Sima Sistani, Roi Tirosh, Ben Rubin, and Itai Danino, Life On Air operated with 11–50 employees. The company raised a total of $70.2 million across 5 funding rounds from 14 investors. In June 2019, Life On Air was acquired by Epic Games.

Business overview

Life On Air developed Houseparty, a group video chat application designed to facilitate real-time connections among friends. The platform enabled users to engage in drop-in/drop-out style video chats with up to eight participants simultaneously, offering a casual and accessible way to socialize. Operating within the Media & Entertainment Technologies sector, the company focused on digital content engagement and entertainment, serving the broader media and entertainment market, particularly in social media.

Strategic signal

In September 2021, Epic Games announced the shutdown of Houseparty, including its integration with Fortnite, signaling the end of the application's operational lifecycle. This development indicates a strategic shift by Epic Games away from the Houseparty platform, impacting its user base and the broader social video chat market.

Company Intelligence Q&A

What was the most significant corporate transaction for Life On Air?

Life On Air was acquired by Epic Games in June 2019. The financial terms of the acquisition were not disclosed.

When did Life On Air launch its Houseparty app for Android and iOS?

Life On Air launched its Houseparty group video chat app for Android and iOS in September 2016.

What was the company's previous name before Life On Air?

Life On Air previously operated under the name Meerkat, and before that, Yevvo.

Which investors participated in the December 2016 funding round?

In December 2016, Life On Air received funding from investors including lead investor.

What was a key product development for Houseparty in 2018?

In October 2018, Houseparty introduced 'Facemail,' a feature allowing users to send recorded video chats to friends.