Stream5 Raises New VC Funding

Stream5, a Munich-based provider of online video technology, has raised a “seven-figure sum” of new VC funding. KfW and angel Klaud Wecken were joined by return backers DuMont Ventures and Tiburon Partners.

PRESS RELEASE

stream5, one of Europe’s leading online video technology providers, has secured fresh capital. Under the leadership of existing shareholders, DuMont Venture and Tiburon Partners, new investors KfW and private investor Klaus Wecken have climbed aboard. The financing involved is a seven-figure sum. stream5 will use the capital to finance the continuing development of its technologies. The Munich enterprise has set itself the goal of becoming the number one provider of this technology.

Private investor Klaus Wecken says: “It’s fun to invest in such a competent team, especially when it’s in an exciting field of the future, such as Internet TV and online video.” An opinion shared by Jorg Binnenbrucker, Managing Director of DuMont Venture: “Since our initial investment in May 2008 we have been supporting this dynamic enterprise in its conquest of the Internet TV market. We are very confident that stream5 will continue its success story.” Binnenbrucker goes on to note that “Web TV is bound to become ever more prevalent as a new marketing channel, and stream5 is undoubtedly among the trendsetters in Internet TV and video, both on a technological and conceptual level.”

“Right from the start stream5 impressed us with their technological approach,” notes Andreas Brinkrolf, a director of Tiburon Partners. “Its successful progress has vindicated our initial decision to invest in stream5 over two years ago.”

The new tranche of financing means that stream5 will be able to continue pursuing its growth targets in the long term. ‘Our goal is…

Find the complete English press release on our website at http://www.stream5.tv/news-uebersicht/ – Download Pressemeldung.

Related Posts

2 Comments

  • [...] Stream5 Raises Funds; Munich-based online video company gets “seven-figure sum” from new investors KfW and angel Klaud Wecken and existing funders DuMont Ventures and Tiburon Partners. (peHUB) [...]

  • [...] DuMont Venture and seed investor Tiburon Partners have led an undisclosed seven figure funding round for online video technology company stream5, alongside KfW and business angel Klaus Wecken (Press release) [...]

Leave a Reply

PEHUB Community

Join the 12501 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

Psst! Got any hot tips?

  • This field is for validation purposes and should be left unchanged.

PE HUB News Briefs

RSS Feed Widget

Marketplace

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget