The QYOU, a Dublin, Ireland-based international 24/7 network of curated made-for-web video content for subscription video services everywhere, completed a new round of equity financing for CDN$10.4M.
The round was led by Canadian brokers Clarus Securities, Cormark, Power One Capital, and Primary Capital.
The company, which has now raised CDN$14.7m (US$11m), intends to use the funds for further expansion of its multiscreen product ecosystem, distribution alliances, and marketing activities internationally.
Led by CEO Scott Ehrlich, Chairman G. Scott Paterson, President Curt Marvis and Les Garland, The QYOU finds, curates, and programs internet videos for subscription service operators worldwide, from traditional cable and satellite to IPTV, OTT, mobile, etc.
The service is currently available in more than 30 countries spanning Europe, the Middle East and Africa, reaching almost 5 million subscribers.