Videoplaza completes a $12m series B round to cement its global leadership in New TV monetization.
Clipperton Finance acted as Sole Manager of the transaction.
London, Paris – February 2012 – Clipperton Finance, a leading European technology and media corporate finance boutique, today announced the closing of a $12 million series B investment for Videoplaza, the leading video monetization platform for the New IP-delivered TV. Existing investors Creandum and Northzone were joined by Innovacom and Qualcomm Ventures.
Clipperton acted as sole financial advisor to Videoplaza.
With clients in 17 countries including Tier1 broadcasters such as M6 and the RTL Group, Ooyala is building the leading sell side ad platform for the New IP-delivered TV.
Traditionally the TV advertising market has represented a large opportunity – with a value today of around $160BN USD. As consumption evolves from broadcast to IP delivered content, publishers and broadcasters must gear up commercially and technologically to take advantage of this spend as it shifts on to new channels. Videoplaza empowers media companies to maximize ad revenues from their IP delivered videos regardless of where, when and on which device they are consumed.
Videoplaza was founded in Stockholm in 2007 and today serves clients globally from 6 offices in Europe and Asia, including its London headquarters. The company will use the funds to execute its ambitious product roadmap, and to continue international expansion.
Sorosh Tavakoli, Videoplaza co-founder and CEO said: “Television is the king of advertising media and is going through an unprecedented transition to IP delivered consumption on multiple devices. Videoplaza is at the forefront of empowering broadcasters, publishers and networks to maximize their advertising revenues in this New IP delivered TV world. We are delighted to welcome Innovacom and Qualcomm on board as we continue to build the leading global sell side platform for the New TV”.
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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.