Beringea backs TVPlayer's spinout from Simplestream

The round, led by US media content company A+E Networks, will enable TVPlayer to spin out from its parent group Simplestream. It will also fund a UK advertising campaign in the lead-up to Christmas 2016 and enable the platform to add A+E's network Blaze to its platform.

Rob Hodgkinson has left his role as investment director at Beringea to take on the role of chief operating officer at TVPlayer, unquote" has learned.

Simplestream founder Adam Smith, as well as co-founders Lewis Arthur and Dan Finch, will retain a significant stake in the new company and will work alongside the new management team. Further details of the senior team are yet to be announced.

Previous funding
Beringea invested in Simplestream via its ProVen VCTs in October 2014, to fund the development of the TVPlayer service. Simplestream also operates a B2B product, Media Manager, which allows broadcasters to securely stream live content to any device.

Company
Headquartered in London, TVPlayer is an online platform allowing users to legally stream live television on desktops, smart televisions and mobile devices. It offers a free package and a subscription-based package, with the latter commanding a £4.99 fee and offering around 30 additional channels. The company has licensing contracts with broadcasters including Fox, Viacom, Eurosport, ITV, Channel 4 and Channel 5.

People
TVPlayer – Adam Smith (founder).

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• Beringea Limited
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