A Chicago startup that wants to give YouTube creators the same access to funding and strategic investors as traditional entrepreneurs announced new funding this week.
GigaStar raised an additional $3 million, bringing its total funding to nearly $8 million since May 2022.
The investment round included participation from both existing and new strategic investors. GigaStar investors include DV Crypto VC, Tomsic Holdings, Nameless Ventures, Belvedere Strategic Capital and Metropolitan Capital Bank.
GigaStar CEO Hazem Dawani said the Chicago startup is the only investment platform focused on providing accredited and nonaccredited investors access to the creator economy.
Through GigaStar's platform, YouTube creators can offer a percentage of their channel's future revenue during a public offering or "drop" that is open for a minimum of 21 days.
GigaStar has raised nearly $1.2 million for creators and has more than 12,000 investor accounts registered.
The funding will help accelerate the launch of the company's secondary market, which is expected by the end of the year, creating additional funds for the creators.
