Finnish-based live-streaming platform Noice is shutting down.
In a post on LinkedIn – as spotted by GI.biz – CEO Tuomas Rinta wrote that he told staff at the firm earlier in the week that the company was going to be closing. Despite raising $21 million in funding in 2023, the platform has had a hard time finding further investment.
"It wasn’t a surprise to anyone in the company, as we’ve been openly discussing the tough fundraising market we’re in, but of course we wanted to be hopeful until the end that we could deliver a positive outcome and our story would continue," Rinta wrote.
"My journey at Noice is a shorter one than many others, who have been building this platform for over five years Building something new, bold, different.
They continued: "In these moments, people go through many emotions - disappointment, frustration, even worry as loss of your job in this market can be scary. But I also told people that I hope that there is one emotion that we feel that once we get through this dark moment and look back at what we built, and that’s pride."
