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Type of site
|Video hosting service|
Los Angeles, California,
|Launched||January 22, 2014|
|Current status||Closed since December 15, 2017|
The company was founded in 2014 by Warren Shaeffer and Alex Benzer in Los Angeles, California, and was originally called Viddme. After gaining in popularity, Viddme purchased the domain for Vidme and changed its name. In April 2015, the site received a $3.2 million Series A round of funding. Investors in the seed round included Mark Suster of Upfront Ventures and Reddit co-founder Alexis Ohanian. As of April 2015, Vidme had 30 million unique visitors per month. The following year, it received a $6 million round.
On December 1, 2017, after nearly four years of operation, Vidme announced on reddit it would shut down on December 15, 2017. Vidme stopped accepting new uploads or new members at that time. The site's closure was due to, according to the company, not finding a sustainable model and due to an increase in competition.
On their website the team has announced that they will be launching a new website called Digital Objects. (digitalobjects.art) which later was discontinued.
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