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Later Bets Big On 'Everyday Influencers' With $250M Mavely Acquisition
Influencer applying mascara at home studiogettyThe creator economy is growing up. As brands shift billions in marketing dollars toward influencer partnerships, the industry is rapidly evolving from its roots in viral dance videos and product unboxings to a sophisticated, data-driven marketing channel, underscored today by Laters $250 million acquisition of Mavely.The acquisition, backed by growth equity investor Summit Partners, merges Later's AI-powered marketing platform with Mavely's vast network of over 120,000 creators, who have already proven their worth by driving more than $1 billion in sales for major brands including Nike, Anthropologie, and Lululemon."As influencer marketing and the creator economy mature, marketers will continue to demand measurable results - not only in consideration and brand awareness but in sales," explains Scott Sutton, CEO of Later, in an exclusive interview. "Those best positioned for the future will combine first party data, world class software and services to deliver results for marketers."The acquisition comes at a pivotal moment in the evolution of the creator economy, where the focus is increasingly shifting from mere reach and engagement to tangible business outcomes. This transformation reflects a growing sophistication in how brands view and utilize creator partnerships.MORE FOR YOUOne of the most significant implications of this investment is its potential impact on creator monetization. The combined platform aims to democratize earning opportunities for creators of all sizes, not just those with massive followings.When asked about how this acquisition might change the earning potential for creators, Sutton detailed the expanded opportunities to me: "Creators can drive multiple income streams through brand partnerships as well as commerce. By leveraging Mavely creators, creators will be able to earn commission from over 1,400 brands and retailers and land brand deals with some of the world's best brands."This focus on "everyday influencers" represents a significant shift in how the industry views creator partnerships. "Everyday influencers and creators are the future of commerce," Sutton emphasizes. "Real people have real influence. Mavely and Later will continue to unlock this at scale to drive real, tangible business outcomes."The investment brings together complementary strengths: Later's AI predictive analytics will now incorporate Mavely's first-party performance data, creating a more sophisticated approach to matching creators with brands and predicting campaign success."We've always believed in the power of creators to drive authentic engagement and real business outcomes, at scale," says Evan Wray, CEO of Mavely, who will be joining Later's leadership team along with CTO Sean O'Brien and CFO Kevin Kenefick. "Joining forces with Later allows us to take this to the next level, creating a more comprehensive platform that delivers value to both creators and marketers."The combined entity aims to address one of the most persistent challenges in influencer marketing: measuring and proving return on investment. By integrating Mavely's attribution capabilities with Later's campaign management tools, the platform promises to provide more transparent and comprehensive performance metrics from awareness through to conversion.This acquisition signals several important trends in the creator economy:The industry is moving beyond vanity metrics to focus on attributable sales and measurable business outcomesThere's growing recognition of the value of "everyday influencers" who may have smaller but more engaged audiencesFirst-party data and AI analytics are becoming increasingly crucial for successful influencer marketingLooking ahead, the investment positions Later to become a more significant player in the creator economy ecosystem. The company plans to continue operating Mavely's platform while working to integrate the technologies to provide enhanced services for both marketers and creators.For creators, this could mean access to more brand opportunities and better tools for monetization. For brands, it promises more predictable and measurable results from their influencer marketing investments.
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