MUNICH, Sept. 3 /CNW/ - stream5, one of Europe's leading online video
technology providers, has secured fresh capital. Under the leadership of
existing shareholders, DuMont Venture and Tiburon Partners, new investors KfW
and private investor Klaus Wecken have climbed aboard. The financing involved
is a seven-figure sum. stream5 will use the capital to finance the continuing
development of its technologies. The Munich enterprise has set itself the goal
of becoming the number one provider of this technology.
Private investor Klaus Wecken says: "It's fun to invest in such a
competent team, especially when it's in an exciting field of the future, such
as Internet TV and online video." An opinion shared by Jorg Binnenbrucker,
Managing Director of DuMont Venture: "Since our initial investment in May 2008
we have been supporting this dynamic enterprise in its conquest of the
Internet TV market. We are very confident that stream5 will continue its
success story." Binnenbrucker goes on to note that "Web TV is bound to become
ever more prevalent as a new marketing channel, and stream5 is undoubtedly
among the trendsetters in Internet TV and video, both on a technological and
"Right from the start stream5 impressed us with their technological
approach," notes Andreas Brinkrolf, a director of Tiburon Partners. "Its
successful progress has vindicated our initial decision to invest in stream5
over two years ago."
The new tranche of financing means that stream5 will be able to continue
pursuing its growth targets in the long term. 'Our goal is...
Find the complete English press release on our website at
http://www.stream5.tv/news-uebersicht/ - Download Pressemeldung.
INFO: We will release an English Version of our Website soon!
For further information:
For further information: Gabriele Voigt, Corporate Communications,
stream5 GmbH, +49-89-200007911, email@example.com