EloElo Raises $80 Million to Expand Content and AI Platforms
EloElo Group has raised $80 million in a Series C round led by Hornbill Capital and NBCUniversal. The funds will go into original content across local languages, expansion into international markets and building AI platforms. Series C refers to a later stage of fundraising for a growing company.
Quick glossarySeries C, Hornbill Capital
- Series C
- A later round of fundraising in which a young company raises large sums from outside investors to grow.
- Hornbill Capital
- The investment firm that led this funding round for EloElo Group, according to the story.
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