HOLYWATER, a global tech company focused on reshaping entertainment, has secured $22.0M in new funding from investors. This significant investment round underscores the company's proven impact in unlocking creators' potential through advanced AI and smart technology. HOLYWATER currently serves over 55 million users and facilitates more than 100 million hours of streamed content, actively redefining how stories are told and experienced across the globe.
The company's core mission is to empower creators to produce, distribute, and monetize their work efficiently and fairly, bringing original stories to a vast global audience. HOLYWATER's diverse product portfolio includes My Drama, a leading vertical series platform; My Passion, a top e-book platform; My Muse, an interactive, AI-powered streaming platform; and Freebits, an ad-supported vertical streaming service.
This substantial capital injection is intended to fuel HOLYWATER's strategic growth initiatives and accelerate its development roadmap. The company plans to use the funds to expand its technological capabilities, enhance its existing product offerings, and further scale its global operations to reach new markets. Since its founding in 2020 as a 7-person startup, HOLYWATER has rapidly grown into a global team of over 200 specialists, with operations spanning multiple countries and a strong foundation in innovation.
HOLYWATER's innovative approach has garnered significant industry recognition, including features by Forbes US and TechCrunch, two Gold Telly Awards for its AI short film, and a Webby Award for My Drama. Sifted also recognized HOLYWATER among Europe's fastest-growing companies. This latest funding round is expected to accelerate HOLYWATER's mission to transform the future of entertainment, positioning it for continued innovation and market expansion in the evolving digital landscape.
