Creatd Inc. (NASDAQ: CRTD)
Creatd Inc. (NASDAQ: CRTD) develops technology-based solutions to solve digital problems. Through the combination of design, thought and data analysis, the company builds products that influence a worldwide audience.
Creatd's flagship product is Vocal, a proprietary long-form digital publishing platform that provides storytelling tools and engaged communities for creators to get discovered and fund their creativity.
Designed to develop and cost-effectively engage content creators, the Vocal platform enables its over 500,000 registered content creators to reach an engaged audience and monetize their content. In addition to providing relevant content, Vocal's technology is centered on efficiency and scalability through its niche digital communities, as well as output through its data-driven distribution strategy.
Vocal partners with content creators and brands that recognize difficulties inherent in the digital advertising space and that can benefit from branded content marketing opportunities available on publishing platforms like Vocal.
All content available on Vocal is created within the platform's custom editor and published on one of Vocal's embedded genre-specific communities, spanning topics that range from food to wellness, beauty, technology and more.
In May 2019, Creatd launched Vocal+, its premium subscription membership program. Vocal+ members pay a membership fee for premium value-added features, including receiving increased earnings for their content, reduced platform processing fees for tips received, a Vocal+ badge on their creator page, access to new features on the Vocal Platform, and other rewards. Creators can sign up for free or upgrade to Vocal+, available for purchase on either an annual or monthly subscription basis.
Vocal for Brands
Vocal for Brands is an in-house creative studio that generates actionable data from bespoke native advertising campaigns. Vocal for Brands partners with direct-to-consumer (DTC) to create beautiful, campaign-optimized stories on Vocal that build brand affinity, trust and drive results.
Additionally, Creatd provides a Managed Services offering to business-to-business (B2B) and business-to-consumer (B2C) product and service brands which encompasses a full range of digital marketing and e-commerce solutions. Managed Services includes the setup and ongoing maintenance of clients' websites, Amazon and Shopify storefronts and listings, social media pages, search engine marketing, and other various tools and sales channels utilized by e-commerce sellers for sales and growth optimization. In addition to partnering with Managed Services clients, the company offers a range of la carte services.
On September 11, 2020, Creatd Inc. officially changed its name from Jerrick Media Holdings Inc. and uplisted its stock to the Nasdaq Capital Market. The company also announced the pricing of its underwritten public offering of 1,725,000 units of securities at an offering price of $4.50 per unit.
This rebranding initiated Creatd's go-forward growth strategy and its plans to expand its offerings and provide technology products and resources for creators to help transform their ideas into reality. The strategic plan is designed to greatly increase Creatd's potential market value via a plethora of new revenue streams.
Creatd focuses on a community of creators that includes more than 2.5 billion users, for which it will offer democratized, transparent platforms for distribution, sentiment, resources and monetization. The company's agile development process will rely on a combination of bleeding-edge technology that eliminates barriers and creates efficiencies. Superior design thinking and data analysis will allow Creatd to expand its digital footprint to a global community.
Creatd intends to partner with a community of technology collaborators and sophisticated investors who collaborate to provide technology solutions for creators, brands and their respective audiences. The company's solutions, business processes, technology platforms and design theories will lend themselves to application opportunities on a global scale.
History & Management
Creatd was founded in 2012. Initially a private media company providing online content through a portfolio of brands, Creatd's needs quickly outpaced its initial technology and product offering. In 2015, Creatd partnered with Thinkmill, a premiere, Australia-based product design and development group to create a content management system (CMS) for its brands; that system evolved into the company's flagship product, Vocal.
Today, Creatd's management team is an impressive group of abstract thinkers united by their passion to solve problems. Leading the team are founder and CEO Jeremy Frommer, and Justin Maury, Creatd's president and head of product.
Frommer's career includes two decades in the financial technology industry, working as a hedge fund and portfolio manager, as well as on the sell-side of the financial industry. Frommer started NextGen Trading, a software development company building proprietary equity trading platforms. NextGen was acquired by Carlin Financial Group of which Frommer became CEO. RBC Capital Markets Corporation eventually bought Carlin. At RBC, Frommer was managing director, head of the Global Prime Services group and a member of the RBC Global Equities Operating Committee.
Maury joined Creatd in 2013, bringing with him 10 years of experience in the creative industry. Since partnering with Frommer to establish Creatd, Maury led the company's product development for more than four years. His passion for the creative arts and technology ultimately yielded the vision for Vocal. During Creatd's early formative years, Maury was a driving force in creating the vision, design and architecture for the Vocal platform and managing the oversight of technology development.