London-listed Blackbird is raising around £500,000 through a subscription for 22,222,222 new shares priced at 2.25p, with net proceeds of about £470,000 to strengthen its balance sheet, fund marketing for its browser-based video editor elevate.io and provide working capital.

Executive chair Ian McDonough said the company has made strong progress since September, engaging marketing teams and creators and highlighting time savings from elevate.io’s collaborative workflow.

The business said it has added new features including integrated live review, text-to-speech, AI image generation and digital asset management, and introduced a token system aimed at improving retention and conversion from free to paid users.