WYPLAY raises €10m to finance its development
Transaction led by Clipperton Finance, acting as Sole Manager.
Clipperton Finance successfully leads a € 10 Million capital raising for Wyplay
Paris, May 13th, 2008 – Clipperton Finance, a leading European corporate finance boutique dedicated to the High Tech and Media industries, today announced the closing of an €10m capital raising for Wyplay, a pioneer in the development of High-Definition Media Center.
Elaia Partners, who led this 2nd round, was joined by A Plus Finance and Sofinnova Partners, Wyplay’s first round lead investor reflecting its continued confidence in the company. Wyplay has to date experienced an immediate and remarkable success among international clients with its first commercial product launch scheduled for the Fall of 2008 under leading brand names.
Commenting on the transaction, Jacques Bourgninaud, CEO of Wyplay, said: “to work with Clipperton Finance was instrumental in the success of this significantly oversubscribed financing round. The process was optimized for the company and for the team, the terms were in line with our ambitions, just as the quality of the investors that joined us as new shareholders of Wyplay”.
Thomas Neveux, Partner with Clipperton Finance added “we strongly believe that Wyplay is about to change the way media are consumed in households, making digital media accessible to everyone. Thanks to a unique combination of hardware, software and user interface capabilities, Wyplay managed to develop a disruptive range of next generation Media Centers, keeping always in mind final customers. We are proud to have helped the company in such an exciting period of its development“.
For more information, please contact:
Jacques Bourgninaud, CEO
Sylvie Lerayer, Press contact
Tel: +33 6 22 80 50 44
Thomas neveux, Partner, email@example.com
WYPLAY is a pioneer in the development of consumer electronic products for the rapidly-expanding Digital TV market. WYPLAY addresses both OEMs and ODMs in the Retail and Operator markets with its leading Media Center platform targeting 4 product categories: HDD Media, DVD Player/Burner, ADSL TV decoders, and Connected TV. WYPLAY’s offer spans software-only products to complete off-the-shelf products. All its products seamlessly integrate High Definition, absolute playability, wide connectivity, and intuitive and simple User Interface together. For more information, please visit www.wyplay.com.
About Clipperton Finance
Clipperton Finance is a European corporate finance boutique dedicated to the High Tech and Media industries. Clipperton is focused on start-up and advanced companies in the Software, Telecom, Components and Media/Internet spaces, advising them in their financial transactions: fundraising/capital increases and Mergers & Acquisitions. Over the past years the company and its team have managed to structure numerous high level international transactions in the European High Tech sector.