Digital Disrupt, the private venture capital club, has made a strategic exit from its investment in Uplify, a Miami-based platform that connects brands with livestream creators.
The VC firm has sold its minority stake, reaping a 2.5-fold profit, to a consortium of private investors from the EU and the UAE.
The exit, which comes two years after the initial investment, strengthens Digital Disrupt’s portfolio and solidifies its reputation as a key player in disruptive technology.
“We orchestrated this exit to give new momentum to Uplify’s growth,” said Andrey Lebedev, investment director at Digital Disrupt. “We are proud to have contributed to the startup’s success and are confident that the new investors will further elevate the project.”
The deal underscores Digital Disrupt’s knack for spotting and nurturing high-potential, early-stage ventures.
“Digital Disrupt has been pivotal in shaping our trajectory, providing not only capital but also strategic guidance, access to a network of industry experts, and operational support,” said Pasha Medvedev, co-founder of Uplify. “This collaboration helped us scale in the U.S. and LatAm.”
With fresh expertise from the new investors, Uplify is poised to expand its operations further.
The livestream commerce market is projected to surpass $3 billion by 2032, growing at a CAGR of 15.9%, driven by advancements in AI technology.
Digital Disrupt remains committed to investing in disruptive technologies with the potential to transform industries. The firm is currently exploring new solutions in generative AI.
This Cyprus-based private VC club focuses on early-stage startups with MVP and sales, helping them scale-up globally. The firm’s portfolio includes solutions in skincare, gaming, and cybersport.