OTT service specialist Simplestream has announced substantial funding from Beringea.
The investment will accelerate the expansion of TVPlayer, Simplestream’s B2C live TV streaming service, and facilitate the addition of more channel packs and multi-channel catch-up functionality.
Rob Hodgkinson, Investment Manager at Beringea, who will join the Simplestream board, comments: “The success of TVPlayer to date demonstrates there is significant demand for a multi-device aggregator of live TV in the UK market. We have been impressed by the progress made by Adam Smith and his team. We are delighted to support the continued development of Simplestream and TVPlayer.”
TVPlayer has been downloaded almost one million times in the UK since it launched and is consistently rated 4/5 stars across both mobile and tablet. In September TVPlayer launched on Freeview channel 241, bringing 16 new channels to internet connected Freeview HD TVs. TVPlayer is one of the few online platforms participating in BARB’s Project Dovetail, allowing TVPlayer’s viewing figures to be included within a channel’s official audience ranking.