stream5, a German online video technology provider, has secured new capital led by existing investors, DuMont Venture and Tiburon Partners and new KfW and private investor Klaus Wecken.
According to an official release, “the financing involved is a seven-figure sum” and Munich-based stream5 will use the funds to finance the continuing development of its technologies.
Private investor Klaus Wecken was quoted as saying: “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”.
FinSMEs
03/09/2009