Bitesize Tuesday: PeerTV Marks First Israeli IPO in London in Three Years

PeerTV, a veteran Israeli startup company which enables Content Providers, ISPs and Operators to deliver OTT (Over-the-Top) TV services, has filed for IPO in the London AIM market today

PeerTV, a veteran Israeli startup company which  enables Content Providers, ISPs and Operators to deliver OTT (Over-the-Top) TV services, has filed for IPO in the London AIM market today. This is the first Israeli company to go public in London in the last three years. PeerTV hopes to raise £6 million in this move (or $9.64 million) to position itself as a player in the growing Internet TV market.

PeerTV’s OTT service includes live channels VOD and free public content over the open Internet such as podcasts and streaming video. The IPO is underwritten by Libertas Capital Corporate Finance.  PeerTV says it is profitable ($200,000 profit in the last six months) on revenue of  £3.12 million – a growth of almost 30% from last year, in which PeerTV grossed £2.18 million.

For OTT TV channel operators, PeerTV’s solution provides minimization of the initial risk by lowering the needed investment and a solid technological solution that needs minimal integration efforts. Coninue reading PaidContent’s summary of the IPO and an analysis of the recent connected TV IPO moves.

Demo of PeerTV’s technology from YouTube:

Follow me
Co Founder and Managing Partner at Remagine Ventures
Eze is managing partner of Remagine Ventures, a seed fund investing in ambitious founders at the intersection of tech, entertainment, gaming and commerce with a spotlight on Israel.

I'm a former general partner at google ventures, head of Google for Entrepreneurs in Europe and founding head of Campus London, Google's first physical hub for startups.

I'm also the founder of Techbikers, a non-profit bringing together the startup ecosystem on cycling challenges in support of Room to Read. Since inception in 2012 we've built 11 schools and 50 libraries in the developing world.
Eze Vidra
Follow me
Total
0
Shares
Previous Article

Live Stream from the TWS 2010 Conference, 10 Startup Finalists and 2 Winners

Next Article

Oversi Gets $4.9 million from Carmel, Cisco, Smac and StageOne Ventures

Related Posts
IBC 2011 Amsterdam
Read More

IBC 2011 Attracts 28 Israeli Media and Mobile Startups to Amsterdam

The International Broadcast Convention (IBC) 2011 is the leading global tradeshow for broadcasting media and entertainment industry, covering the latest developments in broadcasting, mobile TV, IPTV, digital signage and forward looking R&D. This year, 28 Israeli startups in mobile, media and broadcasting technology are flocking in to IBC 2011.
Read More

Bitesize Monday: eToro, Covertix, Iway, Tawkon, Grouper….

Bitesize Monday on VC Cafe- the headlines that make the startup nation what it is today... founding rounds raised by eToro, Covertix, Playcast Media and Omek Interactive, product launches by Tawkon, acquisition by Groupon and much more.
Read More

Oversi Gets $4.9 million from Carmel, Cisco, Smac and StageOne Ventures

Israeli startup Oversi has announced a series C round of $4.9 million investment round led by Carmel ventures and joined by Cisco, Smac partners and StageOne ventures. Oversi offers a multi-service platform for over-the-top (OTT) content, including Internet video, peer-to-peer (P2P) and other media applications.
Israeli Startups at MWC 2011
Read More

Special: The 56 Israeli Companies Exhibiting in Mobile World Congress 2011

Israeli startups in the mobile space are once again showing impressive attendance levels, with 56 Israeli companies exhibiting in the Israeli Pavilion at the 2011 Mobile World Congress [MWC]. For the third consecutive year, VC Cafe puts the spotlight on the Israeli startups presenting at the event.
Total
0
Share