Tvinci $4.5m investment round to drive OTT
October 15, 2012
Tvinci, a pay-OTT platform provider, has announced that its year of sharp growth and development has been further boosted with a $4.5 million round of funding that will be invested in its OTT 2.0 Platform development and international expansion into new markets. The round was led by the company’s existing investors, Kaedan Capital and Zohar Gilon, and new investor Trellas Enterprises.
The investment follows the most successful year to date in Tvinci’s five year history. The company has seen revenues double every year since 2008, and triple in 2012 compared to 2011. It has secured 7 new TV operators as customers, including Liberty Global, owner of multiple cable operators throughout Europe; Elisa, Finland’s second largest telco operator; and other major media companies and operators in Europe and Asia, to be announced in the coming months.