Miniweb Bags $32M

Miniweb secures availability of $32M of funding to drive new converged interactive TV experience

September 8, 2008

1 Min Read

LONDON -- Miniweb, the Interactive Service Provider that is enabling targeted, web-style advertising and interactivity on TV, today announced a significant funding round, securing access to US$32 million of venture capital investment. The funding is lead by Meritage Funds in Denver, Colorado and DeGeorge Holdings III, Nevada. The capital raised will enable Miniweb to finance its international growth and drive new momentum in the interactive TV market.

Miniweb addresses industry and consumer demands for converged broadcast and broadband entertainment that offers personalised, web-style interactivity for TV viewers. The Miniweb platform provides significant opportunities to exploit the global growth in broadband enabled TV services. It delivers a richer viewing experience by providing personalised and relevant entertainment which enables new revenue streams for network operators, broadcasters, content owners and advertisers.

Andrew Carver, CEO of Miniweb said: “Miniweb answers a clear global need for interactive services using open technology that can work on existing TV devices with a remote control. The standards based platform and browser are TV device and middleware agnostic, making them easy and more cost effective to deploy than proprietary solutions across cable, satellite, terrestrial or IPTV broadband networks. We have a unique and powerful service offering with an exciting, wide ranging vision to deliver a converged broadband and broadcast entertainment experience and are already providing interactive TV capability to over 9 million homes.

”We are delighted with this round of funding and pleased that experienced and successful investors such as Meritage Funds and DeGeorge Holdings share our vision and recognise our market potential. This funding will enable us to invest in the additional resources we need to deliver our interactive broadcast and broadband TV vision to our customers and partners worldwide.”

Miniweb Interactive

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like