January 13, 2015 | WhipClip, a new media app developer, announced that it raised $16 million from investors at a company value of $100 million. Investors include Institutional Venture Partners, Raine Ventures, Greycroft Partners, William Morris Endeavor and private investors like Steve Bornstein, the former president of ABC and ESPN. Founded in 2014 and headed by entrepreneurs Ron Zuckerman and Ori Birnbaum, WhipClip is headquartered in Los Angeles, but has its research and development centers in Herzliya, Israel. employing 15 engineers and software specialists. The company reportedly plans to use the funds raised to expand their R&D arm.