Bitmovin Lands $10,300,000 Series A Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7ee0b998-79f1-43a8-98c2-bc19171e92b6
Date
9/3/2016
Company Name
Bitmovin
Mailing Address
530 Lytton Avenue 2nd Floor Palo Alto, CA 94301 USA
Company Description
Bitmovin delivers online video faster, with no buffering! Adaptive Video Encoding and HTML5 Player – MPEG-DASH – HLS – VR 360 – DRM.
Website
http://www.bitmovin.com
Transaction Type
Venture Equity
Transaction Amount
$10,300,000
Transaction Round
Series A
Proceeds Purposes
Lederer is hoping to use the funding to accelerate development of Bitmovin’s adaptive streaming tech on new mediums like VR.
M&A Terms
Venture Investor
Atomico Ventures
Venture Investor
Undisclosed