Simplestream Raises £500k in Financing

Funding Rounds

▤ Summary

Simplestream, a London, UK-based provider of on-demand over-the-top (OTT) TV services, raised £500k in financing.Backers included Clydesdale and Yorkshire Bank’s Growth Finance.The company intends to use the funds to increase sales and development to enhance its international capacity.Led by Adam Smith, founder and CEO, Simplestream provides cloud-based live streaming and live-to-VOD services to broadcast and media companies.The company currently employs 30 people in its London office and will be expanding to create a presence in both the US and mainland Europe.

$ Funding

$
Amount $653.8K Total raised
□
Date October 6, 2017 Announcement date
◎
Investors - Lead investors
▥
Company http://www.simplestream.com Funded company

▥ Classifications

industries
No industries detected
applications
No applications detected

◇ AskAI Classifications

Labels
No AI classifications detected

▦ Linked Companies