Video Conferencing Startup Company Morressier Raises $18 Million to Accelerate Business Growth

By McKenzie Carpenter Friday, May 14, 2021

Video conferencing startup company, Morressier, announced it raised €15 million (approximately $18 million) to support business growth and product development.

A virtual business meeting.

About Morressier

Founded in 2014, Morressier is a German startup company that provides video conferencing solutions and a publishing platform for professional, academic, and scientific organizations. The business created software that allows users to host virtual or hybrid conferences that are then stored in a digital library that is accessible long-term.

In addition to video conferencing, hosts can create their own library of curated, branded content that is specific to their organization. Furthermore, the startup company offers an analytics tool so users can track the engagement in their conferences and content library over time. Moreover, the document submission tool created by the business makes it easier and faster for users to submit their research.

The video conferencing startup claims that due to the effectiveness of its platform, more than 200 of the world’s leading professional and scientific organizations use the Morressier platform. Some clients include the Mayo Clinic, the American Society of Neuroradiology, the International Diabetes Federation, the European Stroke Association, and many others.

Series A Funding

Morressier raised roughly $18 million in a Series A financing round led by Owl Ventures. Existing investors, Cherry Ventures and Redalpine, also participated in this round. The video conferencing business previously raised $4.5 million in seed funding in 2018. According to Crunchbase, the new funding brings the total amount raised by the business to about $24.2 million.

Sami Benchekroun, managing director and co-founder of the startup company, said in a statement, “The past year saw an unprecedented shift to the online realm and highlighted the importance of providing better ways to meet and exchange content, particularly in vital verticals such as medicine and R&D. At Morressier, we are harnessing this momentum to build a more accessible conference system, one in which all researchers can discover valuable content, build on each other’s ideas, and make progress faster…”

Benchekroun alluded to the ongoing COVID-19 pandemic, which forced companies across the globe in all industries to shut down temporarily or permanently. As a result, people either lost their jobs or turned to working from home using video conferencing platforms. Many video conferencing software providers like Zoom, Cisco Webex, Microsoft Teams, and other virtual conferencing platforms all became essential tools to keep businesses operational and employees informed.

The Morressier platform differentiates itself from its competitors as it is designed specifically to host larger conferences within the academic community to share research and offer a more expansive suite of tools. The global video conferencing market was valued at $5.3 billion in 2019 and is projected to reach about $11 billion in value by 2027 — growing at a CAGR of 9.7%.

With the new capital, the business plans to grow its teams in all departments and further product development. For example, the startup company plans to launch new community and analytics features that allow for increased collaboration and continuous conversation. At this time, it is unclear when Morressier’s new features will launch.

About the Author

Headshot of McKenzie Carpenter

McKenzie Carpenter is a graduate of Central Michigan University with a B.A.A. in Integrative Public Relations and French. McKenzie has previously worked for small businesses and nonprofit organizations.

Related Articles