Atmosphere, an Austin, TX-based leader in streaming TV entertainment for businesses, raised $65M in Series D funding.
The round was led by Sageview Capital, Valor Equity Partners and S3 Ventures and followed an $80M Series C financing in December 2021.
The company intends to use the funds to accelerate growth and consolidate its positions in the market.
Atmosphere is a provider of a streaming TV platform for businesses, offering more than 60 original and partner TV channels for all audiences, including viral videos with Chive TV and a suite of news channels including News, Sports, and Entertainment, all programmed for out-of-home viewing and able to be viewed on their own or incorporated into a playlist of varied content. The platform delivers viewers engaged in a content experience, in varying contextual environments and geographical locations, all closer to the point of consumer purchase.
Currently, the company’s free ad-supported streaming TV platform provides short-form, audio-optional programming to over 60 million viewers per month across nearly 50,000 restaurants, bars, gyms, doctor offices, and other business establishments worldwide, including Burger King, Texas Roadhouse, Meineke and Snap Fitness.
Atmosphere also announced that current CEO Leo Resig will take the new role of Chief Innovation Officer while Blake Sabatinelli will become new Chief Executive Officer.
FinSMEs
08/02/2023