THEO Technologies announced that it raised $10M in a Series A funding round led by SmartFin Capital with participation from PMV and Media Invest Vlaanderen (MIV).
Leuven, 10 March 2020 - THEO Technologies has announced that it raised $10M in a Series A funding round led by SmartFin Capital with participation from PMV and Media Invest Vlaanderen (MIV).
Founded in Leuven in 2012, THEO Technologies’ mission is to facilitate the perfect video experience on any platform or device, at any time and everywhere. This empowers video publishers, operators and broadcasters to monetize their content and deliver cutting edge video experiences to their audiences.
“The online video industry is evolving at a rate of knots. More and more big online video services are being launched these days. However, all these video services have the same challenge: people are more demanding today than ever before. Whatever device they use or whatever location they are, viewers expect the same high-quality video experience with online video delivery as with traditional cable television. As a company, we empower these video services to offer high-quality experiences to their viewers. The cooperation with SmartFin Capital, PMV and MIV enables THEO to further expand our market reach, grow the team and bring unparalleled innovation to media companies around the globe.” - Steven Tielemans, Founder CEO of THEO Technologies.
THEO Technologies’ flagship product today is the multi-industry-award-winning THEOplayer. This Universal Player Solution provides media companies with a single player across all major connected devices and platforms such as browsers, mobile devices, smartTVs, set-top-boxes and other connected devices. THEOplayer is pre-integrated with leading solution components across the video ecosystem including streaming, analytics, DRM and content monetization to remove the complexity of service development and integration.
“Over the last years we have been recognized in the industry as an innovative technological frontrunner. THEOplayer is being used today by leading media companies around the globe. Innovation and continuously challenging the status-quo is in the heart and DNA of THEO. As a company we are on mission to make the technology for online video better than broadcast. Our experts will continue to expand and improve our suite of solutions to empower video services to offer the best possible quality of experience for all screen sizes and network conditions to their audiences. Media companies that work with our solutions know they get a partner onboard that will make a difference for them in the long run.” - Pieter-Jan Speelmans, CTO of THEO Technologies.
“Smartfin is excited to back this ambitious team and help it translate its product leadership into market leadership,” said Thomas Depuydt, managing partner at SmartFin Capital. “Video is growing exponentially, and THEO plays an important role in solving the technical challenges and provide a superior viewer experience.”
“The fact that not only local but also an ever-increasing group of international customers have placed their trust in THEO Technologies’ groundbreaking technology endorses the enormous potential of this company.” said Roald Borré, Head of Equity Investments at PMV, and Director of MIV. “PMV's entry should make it possible to further develop their position in a highly competitive environment and make Flemish technology the standard within the world of video service providers.”
About the Investors
SmartFin Capital operates both early stage and growth stage investment vehicles targeting technology companies, headquartered in Europe and the United Kingdom that display the potential for significant value creation. Our total AUM amounts to +300 million euro, and investments range from 0,5 million euro to 25 million euro.
For more information, visit www.smartfinvc.com
PMV is an investment company that shapes the economic future of Flanders by financing promising companies from the very start to growth and internationalization. With over 1,2 billion euros in assets under management and led by experienced professionals, PMV offers tailor-made financial solutions for entrepreneurs with a solid business plan and a strong management team, including venture capital, loans and guarantees.
For more information, visit www.pmv.eu
Media Invest Vlaanderen is a joint-venture between VRT (national public-service broadcaster in Belgium) and PMV to invest in promising companies in the media-ecosystem.
For more information, visit www.media-invest-vlaanderen.be/
Joris Noreillie, CFO, email@example.com+32 470 881 369