Voddler
Sweden

Voddler, the Spotify-for-movies, gets more mystery funding

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[Sweden] Movie-streaming service Voddler (the so-called ”Spotify for movies”) has received about 3.4 million Euros (35 million SEK) in funding from a group of private investors. The money will supposedly go to developing the service.

Voddler has chosen to not to give out any info about the investors or how large their share in the company will be. The company has about 50 share holders to date. One of them is Deseven Capital where Voddler’s CEO Marcus Bäcklund is a partner.

At the end of October the company signed a deal with Paramount and Disney, allowing them to stream their movies through the service.

The company was created way back in 2005, but launched in October this year, when the service was offered to ISP Bredbandsbolagets’ 500 000 customers. Back then Bäcklund told Swedish newspaper Dagens Nyheter that he was expecting about half of those customers to start using Voddler. Today the service has about 70 000 users.

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