Gfycat, fresh off its $10 million seed round and debut of its first mobile app for texting and editing its own flavor of GIFs, announced today that it’s acquiring the Mac desktop application GIF Brewery in an effort at expanding its GIF creation capabilities. The GIF Brewery app, which lets users create, edit and share GIFs from their Mac, has seen over 110,000 downloads to date, and is ranked at the number 5 paid Photo & Video app in the U.S. Mac App Store. It
Gfycat raises $10 million to help creatives fire up the memes
A startup called Gfycat (which is pronounced “Jiffy Cat”) has raised a mammoth $10 million seed round to turn its already popular user-generated content platform into a revenue generating concern. On the content creation side of its business, the startup reports that 2.5 million unique users have already created 25 million “Gfycats,” or short, silent, looping animations and video clips.