Shakr Raises $3 Million in Funding

A few words from Shakr CEO, David Lee:

David Head ShotToday we’re announcing that Shakr Media has officially closed its latest round of funding, bringing our total raised to $3 million.

With this latest funding, we will expand our motion graphics marketplace and push more heavily into the advertising sector. Long dominated by large companies, Shakr is democratizing video ads so that small businesses can participate, too. We’ve done this by combining our drag-and-drop simple video creator with video styles by the same designers who’ve done work for big companies like Nike, Samsung and major broadcasters.

The principal investor in this round was POSCO Venture Capital, who also helped us secure matching funds from the Korean government. The government funding reinforces Shakr’s role as an early success in the creative economy Korea is building, with support from the government.

This funding allows us to invest in technology and in talent. We’ve made significant improvements in our user interface recently, adding the ability for customers to easily edit existing videos, and completely reimagining the way customers put text into videos.

We’ve also made two strategic hires in recent months.

Erik Cornelius is now on board as VP of Marketing. He has nearly a decade of marketing experience in Asia, having worked on award winning campaigns at Edelman and Burson-Marsteller, as well as at a data mining based market research firm.

Eun Seon Shin started April 2, as our Creative Director. He leads our motion graphics team and also works directly with third-party designers who contribute to Shakr. Eun Seon’s previous experience includes work for Korea’s largest broadcasters, MBC, SBS and JTBC, creating intro sequences for some of Korea’s best dramas, as well as ads for big companies like SK Telecom.

We’ve been fortunate to have some great participants in this round of funding, including POSCO and a number of awesome angel investors who believe in Shakr’s core mission to Reimagine Everything to Video.

If you haven’t experienced Shakr yet, please allow me to share a few examples of our work with you, and encourage you to make a video on your own.


David Lee
Shakr Media

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