stream5 Convinces Investors: Fresh Capital for Online Video Technology Provider
stream5 Convinces Investors: Fresh Capital for Online Video Technology Provider
MUNICH, September 3/PRNewswire/ -- stream5, one of Europe's leading online video technology providers, has
secured fresh capital. Under the leadership of existing shareholders, DuMont
Venture and Tiburon Partners, new investors KfW and private investor Klaus
Wecken have climbed aboard. The financing involved is a seven-figure sum.
stream5 will use the capital to finance the continuing development of its
technologies. The Munich enterprise has set itself the goal of becoming the
number one provider of this technology.
Private investor Klaus Wecken says: "It's fun to invest in such a
competent team, especially when it's in an exciting field of the future, such
as Internet TV and online video." An opinion shared by Jorg Binnenbrucker,
Managing Director of DuMont Venture: "Since our initial investment in May
2008 we have been supporting this dynamic enterprise in its conquest of the
Internet TV market. We are very confident that stream5 will continue its
success story." Binnenbrucker goes on to note that "Web TV is bound to become
ever more prevalent as a new marketing channel, and stream5 is undoubtedly
among the trendsetters in Internet TV and video, both on a technological and
conceptual level."
"Right from the start stream5 impressed us with their technological
approach," notes Andreas Brinkrolf, a director of Tiburon Partners. "Its
successful progress has vindicated our initial decision to invest in stream5
over two years ago."
The new tranche of financing means that stream5 will be able to continue
pursuing its growth targets in the long term. 'Our goal is...
Find the complete English press release on our website at
http://www.stream5.tv/news-uebersicht/ - Download Pressemeldung.
INFO: We will release an English Version of our Website soon!
Contact:
Gabriele Voigt,
Corporate Communications,
stream5 GmbH,
+49-89-200007911,
voigt@stream5.tv
Source: stream5 GmbH
Contact: Gabriele Voigt, Corporate Communications, stream5 GmbH, +49-89-200007911, voigt@stream5.tv
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