Firework

Firework

Video commerce platform for interactive shopping

About Firework

Simplify's Rating
Why Firework is rated
B-
Rated D+ on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Consumer Software

Consumer Goods

Entertainment

Company Size

201-500

Company Stage

Series B

Total Funding

$262.8M

Headquarters

San Mateo, California

Founded

2017

Overview

Firework provides solutions in the video commerce sector, allowing brands and retailers to integrate livestream and shoppable video content into their online stores. Their platform enhances customer engagement and transforms how consumers interact with products, catering to a variety of clients across different industries. Firework stands out by offering customized plans and community engagement tools, using patented technology to convert clicks into customers. The company's goal is to redefine online shopping experiences through interactive video solutions.

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Simplify's Take

What believers are saying

  • Growing demand for personalized video content boosts Firework's market potential.
  • Expansion of livestream shopping in Western markets opens new opportunities for Firework.
  • Firework's AI-powered assistant, AVA, enhances customer engagement and personalization.

What critics are saying

  • Increased competition from TalkShopLive's partnership with NBCUniversal.
  • Zara's U.S. expansion in live shopping could capture market share from Firework.
  • U.S. market's slower adoption of mobile-first experiences may hinder Firework's growth.

What makes Firework unique

  • Firework specializes in immersive video experiences for enhanced customer engagement.
  • The company offers customized plans tailored to each client's specific needs.
  • Firework leverages patented technology to convert clicks into customers with engaging content.

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Funding

Total Funding

$262.8M

Above

Industry Average

Funded Over

3 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Above Average

Industry standards

$35M
$45M
Linktree
$65M
Substack
$100M
ClickUp
$150M
Firework

Growth & Insights and Company News

Headcount

6 month growth

-3%

1 year growth

-1%

2 year growth

-2%
BetaKit
Jan 29th, 2025
Why Canadian Commerce Startups Are Building “Live Shopping” Into Their Marketing Plans

Connie Lo of Three Ships sold $20,000 in beauty products in the company’s first hour live

PYMNTS
Aug 21st, 2024
Talkshoplive Teams With Nbcuniversal For Shoppable Video

Video commerce platform TalkShopLive has launched a partnership with NBCUniversal. The collaboration, set to kick off Thursday (Aug. 22), involves the two companies creating and streaming shoppable livestreams featuring entertainers such as Paris Hilton, who will host this week’s debut event. “NBCUniversal is one of the most powerful brands in entertainment,” TalkShopLive Co-founder and CEO Bryan Moore said in a news release provided to PYMNTS. “Their massive reach paired with the power and scale of TalkShopLive’s multi-embed point-of-sale technology is truly a game changing partnership for what the future of video commerce and bridging the worlds of entertainment and retail together looks like–making every moment shoppable.”

PYMNTS
Jun 5th, 2024
Ulta: The Future Of Beauty Is Click-And-Mortar™

As consumers seek more convenient buying options for even the most historically on-site trial-based categories, the beauty industry is transforming to meet shoppers’ increasing Click-and-Mortar™ expectations. Ulta Beauty, for instance, discussed this demand for shopping journeys that combine the digital and physical at the William Blair Growth Stock Conference. “We really think about our business through an omnichannel lens, and we think both our digital as well as our brick-and-mortar business has a really important role in working together and driving growth,” Ulta Beauty Chief Financial Officer Paula Oyibo said. “…When a guest engages with us across multiple touchpoints, whether it is in our stores or online, in our app or on our site, as well as UB at Target, they engage more, they’re more loyal and they spend more. … Omnichannel guests spend 2.5 times to 3 times more than our brick-and-mortar-only guests.”

PYMNTS
Jun 4th, 2024
Livestream Shopping Expands Globally As Retailers Join Content And Commerce

As consumers around the world look for more engaging purchasing experiences, livestream shopping is expanding internationally. Zara, for instance, is reportedly expanding its live shopping to the United States, United Kingdom and Europe after seeing a sales increase from its streams in China. In April, Amazon launched an Amazon Live streaming channel on its Prime Video and Freevee platforms with shoppable content featuring celebrity talent

PYMNTS
Jun 3rd, 2024
Zara Bringing Fast Fashion Live Shopping Shows To The Us

Zara is reportedly bringing its live-shopping broadcasts — already popular in China — to the U.S. The fast fashion brand is aiming for new ways to attract shoppers as sales cool following a post-pandemic boom, Reuters reported Monday (June 3). The report noted information from retail analytics company EDITED showing that five-hour live shopping broadcasts in China, held each week by Douyin, TikTok’s Chinese sister site, have helped drive up Zara’s sales since they premiered in November

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