Aggregator gathers £9m in new funding
TV-via-broadband start-up Aggregator has won £9m in new funding from 3i, Amadeus Capital Partners and Intel Capital to finance the roll-out of new products and services over the next two years. Founded last year with seed investment from Amadeus Capital Partners, Aggregator plans to launch a range of broadband TV services targeting specific and underserved niche audiences in the autumn.
Next year it intends to integrate that broadband programming on PCs with Freeview and make its services available on TV as a new pay-TV offering.
"In a rapidly changing media world, Aggregator has designed a smart, TV-over-broadband platform that drives new routes to the consumer and opens up new revenue streams for content owners," said Aggregator's co-founder and director of programming Chris Griffin.
"Our service ensures a high quality viewing experience that is targeted at specific communities and available to anyone with a broadband connection. When combined with Freeview, we can offer a compelling range of TV services that will be a highly attractive alternative for UK audiences."
"We're delighted to have brought together a very strong funding consortium comprising leading venture capitalists 3i, Amadeus Capital Partners and Intel Capital," said Aggregator's co-founder and CEO Martin Goswami. "Their support validates our vision of what future content services will look like and makes it possible for us to launch and rapidly grow a truly unique television service."
Krishna Visvanathan, 3i director and board member of Aggregator added: "We, at 3i, are excited to lend our full support to Aggregator's exceptional management team. With web TV and IPTV gaining broad consumer acceptance across the world and on the back of increased broadband penetration, the timing is right for Aggregator's proposition. Aggregator fits well with 3i's strategy of backing talented individuals with disruptive business models in the digital convergence arena."
Amadeus Partner, Simon Cornwell, said: "'We believe that broadband delivery will transform the television landscape in the next five years, creating a fast growing opportunity for new companies with a disruptive approach to the market. Since we backed Chris and Martin a year ago, they have made excellent progress in securing an excellent roster of quality content and built the core of a strong, highly differentiated consumer proposition. We are delighted to be co-leading with Intel and 3i, a substantial Series A funding round that will enable the company to begin its commercial rollout this year, and enable Aggregator to take its place at the forefront of the IPTV revolution."
Regards Satdude.
TV-via-broadband start-up Aggregator has won £9m in new funding from 3i, Amadeus Capital Partners and Intel Capital to finance the roll-out of new products and services over the next two years. Founded last year with seed investment from Amadeus Capital Partners, Aggregator plans to launch a range of broadband TV services targeting specific and underserved niche audiences in the autumn.
Next year it intends to integrate that broadband programming on PCs with Freeview and make its services available on TV as a new pay-TV offering.
"In a rapidly changing media world, Aggregator has designed a smart, TV-over-broadband platform that drives new routes to the consumer and opens up new revenue streams for content owners," said Aggregator's co-founder and director of programming Chris Griffin.
"Our service ensures a high quality viewing experience that is targeted at specific communities and available to anyone with a broadband connection. When combined with Freeview, we can offer a compelling range of TV services that will be a highly attractive alternative for UK audiences."
"We're delighted to have brought together a very strong funding consortium comprising leading venture capitalists 3i, Amadeus Capital Partners and Intel Capital," said Aggregator's co-founder and CEO Martin Goswami. "Their support validates our vision of what future content services will look like and makes it possible for us to launch and rapidly grow a truly unique television service."
Krishna Visvanathan, 3i director and board member of Aggregator added: "We, at 3i, are excited to lend our full support to Aggregator's exceptional management team. With web TV and IPTV gaining broad consumer acceptance across the world and on the back of increased broadband penetration, the timing is right for Aggregator's proposition. Aggregator fits well with 3i's strategy of backing talented individuals with disruptive business models in the digital convergence arena."
Amadeus Partner, Simon Cornwell, said: "'We believe that broadband delivery will transform the television landscape in the next five years, creating a fast growing opportunity for new companies with a disruptive approach to the market. Since we backed Chris and Martin a year ago, they have made excellent progress in securing an excellent roster of quality content and built the core of a strong, highly differentiated consumer proposition. We are delighted to be co-leading with Intel and 3i, a substantial Series A funding round that will enable the company to begin its commercial rollout this year, and enable Aggregator to take its place at the forefront of the IPTV revolution."
Regards Satdude.