Simplestream, a London, UK-based provider of “Over the Top” live streaming services for broadcast TV channels, secured a funding of undisclosed amount.
Beringea, the Manager of the ProVen VCTs, made the investment. In conjunction with the funding, Rob Hodgkinson, Investment Manager at Beringea, will join Simplestream’s board.
The company intends to use the funds to accelerate the expansion of its TVPlayer and add more channel packs and multi-channel catch-up functionality.
Led by Adam Smith, founder and CEO, Simplestream provides TVPlayer, a B2C live TV streaming service of more than 45 free-to-air channels, enabling consumers to watch their favourite channels in one place. Consumers can go to tvplayer.com, or download the free TVPlayer app from the Apple, Google or Amazon app store. In addition to streaming channels from the major Public Service Broadcasters (BBC, ITV, Channel 4 and FIVE), the company has agreements to stream content from Freeview and Freesat channels, including 4Music, Heart, Food Network, Travel Channel, FashionTV, Colors, Rishtey, Al Jazeera and Euronews.
FinSMEs
13/10/2014