Freshmilk NetTV Receives Equity Investment
Summary
Freshmilk NetTV GmbH, a Berlin, Germany-based webTV provider, has received an equity investment from bmp media investors AG (ISIN DE0003304200), which has acquired a 16.5% stake in the company.As part of a capital increase, VC Fonds Kreativwirtschaft Berlin, which is managed by IBB Beteiligungsgesellschaft, invested in the company for the same (undisclosed) amount.Led by founding partners Kai Wermer and Klaas Imgenberg, Freshmilk NetTV is an advertising-financed, web-based TV production network.The investment aims to help the company further develop its offering and expand abroad.For the future, there are plans to supplement them with contributions from other production teams and with partnerships providing for greater coverage as well as broadcast in several hybridTV and publishing offers and on the dailyme mobile platform.