StreamElements: We’re in talks on sale – Globes English – גלובס

After an employee notified customers that the company was about to close down, an official announcement stated: We’re in positive discussions with potential acquirers. Startup company StreamElements used to be a growing company that was considered promising. It raised over $110 million from financial institutions such as Menora Mivtachim and Mivtach-Shamir, and from venture capital funds such as MoreTech, Pitango, Glenrock and Yitzhak Mirilashvili and Ron Rofe’s Rainfall Ventures. One of the main investors was Softbank, which saw great promise in StreamElements during the technological bubble of 2021, but which is known for its aggressive behavior towards companies that stray from the growth path. It now seems that StreamElements has indeed strayed into the danger zone. According to the GamesBeat website, an employee of the company in Israel responsible for sponsorship management notified creators and web influencers of the possible closure of the company, in a post on the Discord social network. According to the employee, StreamElements’ services will remain open for at least a month and users are called upon to save their digital assets and are assured that they will receive full payment under any sponsorship deal signed with StreamElements in the past. The company was founded a
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