The investment round was backed by Araya Ventures, Morgan Stanley, Techstars and G Fund to fuel platform innovation and global growth.
"MyARC was built for modern day fitness creators, giving them the tools they need to grow without burning out. The traditional online fitness model has left creators trapped between low-value generic products and unsustainable personal coaching. With this platform, they can scale their impact and income without sacrificing quality."
Google Ventures led the Series E financing round, which valued the video platform at $4bn.
"Synthesia is a UK success story, creating new jobs and opportunities in this country. It shows that by backing innovators to start, scale and stay in the UK through better access to finance and generous tax reliefs, we can turn the promise of AI into better-paid jobs and long-term growth across the UK."
The round was led by Sofina with participation from Better Society Capital and existing investors.
"Stream exemplifies how placing impact considerations at the heart of product development can drive sustainable commercial value. Its focus on tackling the 'poverty premium' not only works to improve financial resilience, but also solve critical challenges for employers. Stream's dedication to understanding and improving their products' impact on users enables greater positive outcomes and propels their strong commercial growth, and we look forward to the impact this funding will support."
The London-based AI start-up exceeded its target in an oversubscribed round backed by angel syndicates and customer-investors.
"Community has always been at the heart of LaunchLemonade. During this pre-seed cycle, that community compounded trust and carried our story and helped us show what LaunchLemonade can offer in the AI space."
