Showbox

Company Overview

Snapshot

Founded in November 2012 by Tomer Afek and Effi Atad, Showbox operated with 1–10 employees. The company raised $13.1 million across two funding rounds from five investors before being acquired by PowToon in February 2019.

Business overview

Showbox provides a free online video-creation platform designed for users to produce high-quality, professional videos using their own content. The platform leverages a cloud-based video creator, offering a suite of tools and ready-made templates to streamline the video production process. Showbox operates within the Media & Entertainment Technologies sector, serving both B2C and B2B markets globally.

Strategic signal

In February 2019, Showbox was acquired by PowToon, leading to the cessation of its independent operations. This acquisition indicates a strategic consolidation within the video creation software market, with PowToon integrating Showbox's technology or user base. For investors, this signals a successful exit for Showbox's backers and highlights the competitive landscape and M&A activity in the digital content production space.

Company Intelligence Q&A

What is Showbox's primary business?

Showbox provides a free online platform for video creation and production, enabling users to create high-quality videos using cloud-based tools and templates.

When was Showbox founded and by whom?

Showbox was founded in November 2012 by co-founders Tomer Afek and Effi Atad.

What was a significant corporate event for Showbox?

In February 2019, Showbox was acquired by PowToon, after which it ceased to operate independently.

How much capital did Showbox raise?

Showbox raised a total of $13.1 million across two funding rounds.

Who were some of the investors in Showbox's July 2015 funding round?

In July 2015, Showbox raised an $8.5 million Series A round with investment from Brad Wechsler and Karl Peterson.