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Cameo website screen shot

Cameo, the app that lets fans pay for personalized videos from celebrities, is now a unicorn.

Driving the news: The company said Tuesday that its parent Baron App Inc. has raised $100 million in a round led by e.ventures, giving it a valuation of just over $1 billion.

Why it matters: The pandemic has been a breakout moment for the creator economy, and especially for Cameo. Hollywood celebrities that were stuck at home had a venue for connecting with fans craving interpersonal connections.

  • The company hired a slew of new C-suite executives from media and tech companies earlier this year, with plans to continue rapidly growing its employee base.
  • Last year, Cameo brought in roughly $100 million in video transactions.

Details: The company says the money will be used to improve the Core Cameo experience, create new products for fan engagement, and boost Cameo's B2B business.

  • Turner was joined by Google Ventures, Amazon Alexa Fund, UTA Ventures, SoftBank Vision Fund 2, Valor Equity Partners, and investment funds managed by Counterpoint Global (Morgan Stanley).
  • Existing investors like Lightspeed Venture Partners, Kleiner Perkins, The Chernin Group, Origin Ventures, and Spark Capital also joined the round, as did new Cameo talent investors, like Tony Hawk.

The big picture: The investment brings Cameo's total funding to more than $165 million. Cameo finalized its Series B investment at around a $300 million valuation in 2019, Axios reported.

Go deeper: Cameo launches hiring spree following banner year

Go deeper

32 mins ago - World

Scoop: U.S. and Israel to hold strategic Iran talks on Tuesday

Jake Sullivan. Photo: Jim Lo Scalzo/EPA/Bloomberg via Getty

Top national security officials from the U.S. and Israel will convene virtually on Tuesday for a second round of strategic talks on Iran, three Israeli officials tell me.

Why it matters: The talks come two days after an explosion at an Iranian nuclear facility that experts consider a likely act of Israeli sabotage, and one day before the U.S. resumes indirect nuclear talks in Vienna over a return to the 2015 nuclear deal — a prospect that has raised anxiety levels in Jerusalem.

Updated 40 mins ago - Axios Twin Cities

Police: Officer who shot Daunte Wright accidentally pulled gun instead of taser

The officer who fatally shot Daunte Wright, a 20-year-old Black man, outside Minneapolis Sunday appeared to have inadvertently pulled out her gun instead of a taser, police said.

Driving the news: "This appears to me, from what I viewed in the officer's reaction and distress immediately after, that this was an accidental discharge that resulted in the tragic death of Mr. Wright," Brooklyn Center Police Chief Tim Gannon told reporters Monday.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Health: The warning signs of a longer pandemic — CDC director: Answer to Michigan COVID-19 surge is "to close things down."
  2. Vaccines: Former FDA chief offers reality check on vaccine passports.
  3. Economy: Jobs growth could be curbed by demands for higher wages.
  4. World: Facebook to push notifications about vaccine eligibility to 20 countries outside of the U.S. — Brits flock to pubs for first time in months as U.K. lockdown eases.
  5. Variant tracker: Where different strains are spreading.