Successful Fundraise Of £2M For Elevate.Io, The Figma For Video

(MENAFN- GlobeNewsWire - Nasdaq) LONDON, July 03, 2025 (GLOBE NEWSWIRE) -- Blackbird plc (AIM: BIRD), developer of the market-leading cloud video platform Blackbird and the browser-based collaborative video editor elevate.io , announces a successful £2 million top-up raise. This fully subscribed investment will accelerate move from proven product-market fit to scale-up phase.

Browser-based, desktop-quality - with patented IP
elevate.io is a collaborative online video editor with professional-grade tools that runs entirely in the browser. For creators, it feels like a high-performance native desktop app. Powered by Blackbird's patented, responsive technology and fully hardware agnostic, elevate.io delivers smooth, frame-accurate editing with real-time and asynchronous collaboration. This unique mix of performance and accessibility removes traditional barriers, costly hardware, and complex installs, making professional video production accessible for creators worldwide.

Solving a bottleneck in the Creator Economy
Legacy video editing tools were not designed for today's decentralised creator economy. Traditional software needs heavy local processing, large file downloads, and time-consuming rendering just to collaborate - while most browser-based editors sacrifice playback quality and responsiveness. elevate.io solves this with frame-accurate, smooth playback and a seamless, fully online editing experience, enabling teams and individuals to collaborate instantly without needing to export or download files.

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Clear path to revenue
elevate.io launched its paid Creator Plan in February 2025 and has a growing subscriber base, proving clear market validation. The raise will fast-track product development and go-to-market efforts as the company scales. The global creator economy is projected to reach $500 billion by 2027. elevate.io addresses this surge in demand with a best-in-class solution and a serviceable market valued at $6.9 billion.

Blackbird Executive Chair, Ian McDonough, said:
"We believe elevate.io will do for video editing what Figma did for design - unlocking collaborative workflows for millions of creators and brands. With our experienced team and proven technology, this raise puts us in an excellent position to scale up.”

Contacts:
Blackbird plc | Tel: +44 (0)20 8879 7245
Caroline Steiner, Director of Communications

About Blackbird plc
Blackbird plc operates in the SaaS, Media and Entertainment and content creation markets. Its patented technology allows frame-accurate navigation, playback and editing in the cloud. Its products include Blackbird®, used by broadcasters, sports and news specialists, and its browser-based platform for the Creator Economy. Blackbird also licenses its core technology under its 'Powered by Blackbird' model, helping video companies move to the cloud.

A photo accompanying this announcement is available at

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