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mmhmm
mmhmm is a San Francisco-based enterprise video-collaboration platform founded by Evernote co-founder Phil Libin, raising over $100M from Sequoia and...
mmhmm
mmhmm was founded in 2020 by Phil Libin, the long-time CEO of Evernote, alongside a team of former Evernote engineers and designers (per TechCrunch, 2020). The company initially launched as a standalone virtual camera app that allowed users to resize, reposition, and augment themselves during video calls, gaining early adoption during the remote-work surge of 2020-2021. Wealth origin for mmhmm is not directly inherited but stems from Libin's entrepreneurial success with Evernote, which was valued at over $1B at its peak. mmhmm's strategy centers on enterprise software — developing a virtual camera layer that integrates with platforms like Zoom, Google Meet, and Microsoft Teams (per the company's product documentation). The company has raised at least $100M across multiple rounds: a $45M Series A in April 2021 (per TechCrunch, April 2021) and a subsequent $55M Series B in February 2022 (per Bloomberg, February 2022). Investors include Sequoia Capital, SoftBank Vision Fund 2, and Madrona Venture Group (per Bloomberg). mmhmm operates primarily in North America, with some product distribution globally. The company has not disclosed a current headcount or team size, though it previously reported around 80 employees (per GeekWire, 2022). mmhmm's product has been used by organizations including the NFL and Public Health Agency of Canada (per the firm's case studies, 2021). In July 2023, mmhmm launched an AI-powered teleprompter feature and a mobile app for iOS (per VentureBeat, July 2023). No philanthropic or spin-out structures are publicly associated with mmhmm. mmhmm's structural differentiator is its independence from the dominant video-platform ecosystem — it is a software layer, not a videoconferencing platform itself. This allows mmhmm to integrate with Zoom, Google Meet, and Teams without competing directly with those platforms, though it also means the company depends on those platforms' API policies and feature sets for distribution. The company has described itself as a "camera company for the internet" (per the firm's blog, 2021), positioning its technology as a complement rather than a replacement.
General information
Firm type
other
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
San Francisco
Corporate office
San Francisco, CA, United States
Frequently asked questions
Who runs investment decisions at mmhmm?
mmhmm is a venture-backed software company, not a family office or investment firm. Investment decisions are made by its CEO and board, led by founder Phil Libin. Key investors include Sequoia Capital, SoftBank Vision Fund 2, and Madrona Venture Group (per Bloomberg, 2022).
How does mmhmm source proprietary deal flow?
mmhmm is not an investment firm; it sources revenue through direct sales to enterprises and individual users. The company's product is sold via its website and through integration partners like Zoom and Google Meet.
Is mmhmm structured as a family office or a venture firm?
Neither. mmhmm Inc. is a privately held software company structured as a Delaware C-corporation (per public business registration records). It does not operate as a family office, asset manager, or investment vehicle.
Does mmhmm participate in fund commitments or direct deals?
No. mmhmm is a product company, not an allocator of capital. It has raised venture funding but does not itself commit to external funds or make direct investments.
What investment stages does mmhmm typically target?
This question is not applicable — mmhmm is not an asset manager. The company does not target investment stages.
Which sectors does mmhmm explicitly avoid?
As a software company, mmhmm does not maintain sector-exclusion policies of the kind used by investment firms. Its product focuses exclusively on video-conferencing and presentation software.
How is mmhmm related to Evernote or other entities?
mmhmm was founded by Phil Libin, former CEO of Evernote, but is a separate legal entity with no corporate relationship to Evernote. Several early employees came from Evernote (per TechCrunch, 2020), but the companies are not affiliated.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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