Simplestream secures funding to expand TVPlayer
The additional funding will facilitate the addition of more channel packs and multi-channel catch-up functionality.
TVPlayer currently provides more than 45 free-to-air channels via its website www.tvplayer.com or mobile and tablet apps from Apple, Google (Android) or Amazon. It is formal agreements to stream a growing number of Freeview and Freesat channels, including 4Music, Heart, Food Network, Travel Channel, FashionTV, Colors, Rishtey, Al Jazeera and Euronews.
Since the app first launched, TVPlayer has been downloaded almost one million times in the UK. In September TVPlayer launched on Freeview channel 241, bringing 16 new channels to internet connected Freeview HD TVs.
The service 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.
Rob Hodgkinson, Investment Manager at Beringea, who will join the Simplestream board, commented: “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.”
Adam Smith, founder and CEO of Simplestream, added: “With Beringea’s support, we will be investing further in TVPlayer as we seek to build a full TV replacement app, with live streaming and on-demand capabilities for high quality content. We are particularly excited by our content acquisition pipeline as major broadcasters increasingly recognise the ability to access a younger demographic of audience through TVPlayer and Simplestream’s Media Manager platform.”