Showbox
Platform for Video Creation and Production
Company Overview
Snapshot
Founded in November 2012 by Tomer Afek and Effi Atad, Showbox operated with 1–10 employees. The company raised $13.1M across two funding rounds from five investors. In February 2019, Showbox was acquired by PowToon.
Business overview
Showbox developed a free online video-creation platform designed to enable users to produce high-quality, professional videos using their own content. The platform provided a cloud-based video creator equipped with a suite of tools and ready-made templates to streamline the creation process. Showbox operated within the Media & Entertainment Technologies sector, serving markets globally.
Strategic signal
In February 2019, Showbox was acquired by PowToon, leading to its inactivation. This acquisition signals a consolidation within the video creation platform market, with PowToon integrating Showbox's technology or user base to enhance its own offerings. For investors, this indicates a successful exit for Showbox's backers and a strategic move by PowToon to expand its market presence.
Log in to access full profile ›Company Intelligence Q&A
- What is Showbox's primary business?
- Showbox provided a free online video-creation platform that allowed users to create high-quality, professional videos using their own content, offering a suite of tools and ready-made templates.
- When was Showbox acquired?
- Showbox was acquired by PowToon in February 2019.
- Who are the founders of Showbox?
- Showbox was founded by Tomer Afek and Effi Atad.
- What was Showbox's total capital raised?
- Showbox raised a total of $13.1M across two funding rounds.
- When did Showbox announce its partnership with Kutiman?
- In June 2018, Showbox announced its next decentralized phase and partnered with acclaimed video artist Kutiman.