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Cameo Raises $100M at a $1B Valuation
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hollywoodreporter.comCameo, the platform that connects celebrities to their fans, has raised $100 million at a valuation of just over $1 billion, the company says.
Cameo says it will use the cash to improve its core product, roll out new products like fan clubs and "Cameo Calls," expand its global presence to more countries, and grow its burgeoning B2B business.
In a statement announcing the funding, Cameo CEOSteven Galanis said that the pandemic, as disruptive as it was to the world, served to legitimize Cameo's business model. “The pandemic put extra stress on the already unstable business models supporting talent across sports and entertainment ecosystems.
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