Wyplay secures €9m third round financing to expand its product offering
Transaction managed by Clipperton Finance
Paris-London, May 10, 2010 – Clipperton Finance, a leading European corporate finance boutique focused on the High Tech and Media industries, today announced the closing of a €€9 million Series C round of financing for Wyplay, the developer of the pioneering High-Definition Media Center. This is the second transaction that Clipperton Finance has managed for Wyplay, bringing to almost €20 million the capital raised by Clipperton for the company over a period of 2 years.
Wyplay is an independent and internationally recognized company producing state-of-the-art solutions for Connected-HDTVs, Media Center CE devices, HD IPTV boxes, HD Set Top Boxes, and in-home media-HDD products. It has already seen rapid and remarkable success among international Tier 1 clients, including SFR-Vodafone, the world?s 3rd largest IPTV operator, and D-Link, the leading end-to-end networking solutions provider for consumers and businesses.
The funding round was led by Amundi Private Equity Funds, with existing investors Sofinnova Partners, A Plus Finance and Elaïa Partners participating.
“We are just simply impressed by the progress made by Wyplay in such a short period of time, especially considering the quality of brand names they have secured. The team, their vision, and their combined competencies are disrupting the CE Media Center ecosystem.” said Mathieu De La Rochefoucauld, Partner at Amundi. “The products, which are set to hit the mass market in September, will transform the way media is consumed in the home”.
For this transaction, Clipperton Finance acted as Sole Manager. Thomas Neveux and Nicolas von Bülow, the Partners at Clipperton Finance in charge of the transaction, commented the new round: “we have now been working with Wyplay for over 2 years, and we remain impressed by the speed at which the company has developed its comprehensive and now recognized platform. From a technological and commercial standpoint, the company is now in a particularly interesting, if not unique, position, which should further help accelerate its growth.
Commenting on the financing, Jacques Bourgninaud, CEO of Wyplay, said this new round would enable the company “to expand (their) current offering by adding breakthrough web services including an Application Store and the aggregation of hundreds of on-line TV content providers.”
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About Clipperton Finance
Based in Paris and London, Clipperton Finance is a European corporate finance boutique dedicated to the High Tech and Media industries. Clipperton is focused on start-up and high-growth companies in the Internet, Software, Telecom, Components, CleanTech, MedTech and Media spaces, advising them in their financial transactions: fundraising/capital increases and Mergers & Acquisitions. Over the past years the company and its team have successfully structured numerous high level international transactions in the European High Tech sector.