ThirdPresence Raises $800K in Seed Funding

Published On April 13, 2012 |

ThirdPresence, a Helsinki, Finland-based cloud-based mobile video platform, has raised $800K of seed funding.

The round was led by Jussi Heinilä who is a co-founder of Accelerando, with participation from Finnish Industry Investment, as well as angel investors Matti Suokko, former Microsoft executive, Olli-Pekka Kallasvuo, former Nokia CEO, Ari Korhonen, current board member of multiple startups, Riku Asikainen and Jussi Ilmarinen – both now board members at ThirdPresence.

The company intends to use the funding for product development, marketing and sales.

Established in 2007 by CEO Markus Bäckström, ThirdPresence provides a mobile video publishing and advertising platform oriented toward the needs of media companies and premium content owners. The company has developed scalable cloud-based architecture that integrates video delivery, customizable native and HTML5 players, analytics and advertising/monetization.

FinSMEs

13/04/2012

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