Winbox Technologies closes equity financing
June 12, 2008 - Winbox Technologies, a German provider of TV-centric consumer electronics, has closed a first round of equity financing with lead investor TVM Capital, reportedly amounting to a seven figure sum in Euros.
Following the financing Winbox has now become a public company, and investor Robert Schneider and TVM Capital's Christian Claussen will join the company's supervisory board. Winbox states that it aims to become a leading OEM-brand in the market for connected consumer TV, video and audio devices.
“With the new company, shareholder and management structure we will further boost our ability of enabling customers to build and deploy their own superior connected TV products with optimised return on investment and reduced time to market," said Christof Winker, CEO of Winbox Technologies. "We proudly welcome the new shareholders on board and will ensure that our customers and partners will immediately benefit from the increased momentum.”
Existing Winbox partners and customers include Sling Media, NXP, Medion and ProSiebenSat1.
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