Lightstream raises $8 million to expand its livestreaming tools

As more companies bet on livestreaming apps to attract new audiences, a startup that makes it easier for users and creators to livestream has turned some heads. Chicago-based Lightstream, which offers web-based tools to enhance livestreams and air them on several popular platforms, today raised $8 million in a series A round.

The funding was led by Drive Capital, with participation from MK Capital, Pritzker Group, and Silicon Valley Bank. The startup has raised $9.8 million, to date, and told VentureBeat it will use the fresh capital to invest in adding more features to its cloud-based Studio, one of its two marquee consumer-facing products.