Over-the-top platform provider Tvinci has secured an additional $4.5 million (€3.48 million) in funding to invest in the development of its technology and expansion into new markets.
The round was led by the company’s existing investors, Kaedan Capital and Zohar Gilon, and new investor Trellas Enterprises.
VP business development & co-founder at Tvinci Ido Wiesenberg told Broadband TV News that the three investors made up the majority of the shareholders, alongside the founders, and the company employees.
In recent months Tvinci technology has been picked up by Film1 in the Netherlands, through Chellomedia, for a TV Everywhere project and the Finnish telco Elisa, where a pan-European OTT service has been launched in the extreme sport genre.
“Since the beginning of this year we’ve secured seven deals with tier 1 and tier 2 pay-TV providers and big media companies,” said Wiesenberg. “One of the goals of this new investment is to spread out into new markets and we see Asia as the first target.”
Tvinci provides pay-TV operators a white-label platform for OTT across devices. It offers both an OTT back-end and an extensive user experience management system that drives TV applications for the delivery of live content and VOD on smartphones, tablets, connected TVs and set-top boxes.
