Stream Announces $38 Million Series B Funding

Stream has successfully closed a $38 million Series B funding round led by Felicis Ventures, with participation from previous investors GGV Capital and 01 Advisors, bringing its total financing to $53 million. The company has experienced significant growth, with a 517% increase in revenue from its chat product in 2020 and more than doubling its user base to support over one billion end users globally. Stream provides APIs enabling efficient, scalable implementation of chat and activity feed functionalities across various industries, including healthcare, education, and finance, with notable clients like TaskRabbit and Stanford University. The funding will support further expansion and product development, including advancements in chat moderation, mobile SDKs, and enhancements to the Stream Dashboard. The company is actively hiring and prioritizes customer feedback for continued improvement.