Really Simple Software Scores $5M

Really Simple Software Inc., maker of the streaming DVR “Simple.TV” platform, has raised $5 million in Series A financing from New World Ventures. New World Ventures, a member of The Pritzker Group, is a multi-stage venture capital firm.

PRESS RELEASE

Really Simple Software Inc., makers of the award-winning Simple.TV platform, announced it closed $5 million in Series A funding from New World Ventures.

Launched to critical acclaim in 2012 at the Consumer Electronics Show (CES), Simple.TV bridges the gap between streaming video and broadcast TV, giving connected consumers the shows they love anywhere they are, anytime. Winner of “Best of CES 2012”, TIME magazine’s “Top 10 Gadgets of 2012”, and Popular Science’s “Best of What’s New”, Simple.TV is the perfect TV companion for consumers who love Netflix and other online streaming services but want access to live TV.

“The explosion of Internet-connected consumer electronics is rapidly changing television distribution and consumption. This phenomenon delivers tremendous benefits to consumers while also holding great promise for content owners and distributors,” said Matt McCall, New World Ventures partner. “Simple.TV serves the needs of both audiences and we look forward to partnering with its leadership team as they continue to expand their innovative platform for TV everywhere.”

Simple.TV is the world’s first streaming DVR, making it possible for consumers to instantly access live and recorded TV shows on their favorite tablet, phone, or connected TV screen, anywhere, anytime. The New World Ventures funding will be used to expand Simple.TV’s platform, enhance its cloud services, add new client applications across CE devices and expand its service beyond North America.

Simple.TV founder Mark Ely previously served as President of Strategy at Sonic Solutions. While at Sonic in the mid-1990’s, Mark and Simple.TV co-founder Bruce Randall developed the first commercial DVD authoring system for Hollywood studios. Sonic subsequently went on to become a dominant digital media technology provider to premium content owners, PC and CE manufactures and retailers through its Roxio, DivX and CinemaNow brands prior to its sale to Rovi Corp in 2010.

About Simple.TV

Simple.TV is on a mission to bring great TV and movie content to connected devices anywhere, anytime on any device. Simple.TV was launched in 2011 with seed capital from Accanto Partners, a super angel fund based in Tiburon, CA. For more information about Simple.TV, visit http://www.simple.tv.

About New World Ventures

New World Ventures, a member of The Pritzker Group, is a multi-stage venture capital firm helping entrepreneurs build market-leading information technology companies. Since its founding in 1996, the firm has worked side-by-side with entrepreneurs at more than 70 companies by providing a broad network of strategic relationships, advice based on several decades of experience, and capital with tremendous flexibility. Recent successes include Fleetmatics (NYSE: FLTX), SinglePlatform (acquired by Constant Contact), Zinch (acquired by Chegg), Playdom (acquired by Disney), LeftHand Networks (acquired by Hewlett-Packard), and TicketsNow (acquired by Ticketmaster).

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