Anevia Secures $7M

Has secured $7 million in a second round of financing led by Seventure Partners alongside CDC Innovation

April 9, 2009

1 Min Read

PARIS -- Anevia, a leading supplier of IPTV and video on demand (VoD) solutions, has secured $ 7 Million in a second round of financing led by Seventure Partners alongside CDC Innovation, a shareholder from the first round funding in 2005. Aelios Finance advised Anevia on the transaction.

Founded in 2003 and with its headquarters near Paris, Anevia leads the IPTV market with more than 10,000 live channels and over 4 Million end users on the Telecoms and Hospitality markets. This new round of funding will enable Anevia to increase its international presence and finance the roll out of its Triple Screen strategy.

Anevia’s solutions allow customers to broadcast audiovisual content live or on-demand simultaneously over TVs, PCs and mobile phones.“We are experiencing very high demand from all our market segments, whether fixed and mobile operators, broadcasters, content providers or hospitality, for new live and on-demand television applications for television, mobile phones and PCs,” explains Tristan Leteurtre, President and Co-founder of Anevia.

Valery Huot, Managing Partner at CDC Innovation, adds, “After a successful first phase of strong growth in IPTV and international deployment, this second round of financing will provide Anevia with the means to accelerate its development and expand into new markets.” Bruno Rivet, Investment Director at Seventure Partners, states, “We were attracted by the high quality of Anevia’s management, which has provided the company with healthy growth. Anevia’s in-depth knowledge of its markets and its strategy to adapt to customers’ changing needs convinced us that the company was a sound investment.”

Anevia SAS

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