Voddler, the Netflix / Hulu / Spotify-for-movies of Scandinavia, whichever comparison you fancy, has raised $8 million in funding in a round led by Nokia’s venture capital arm Nokia Growth Partners.
The video-on-demand company’s previous backers (undisclosed private individual investors) also participated.
In 2010, Voddler says it served 5 million movies from a catalog of some 3,500 titles (it has been securing distribution agreements with studios since 2009).
Not too shabby for its first full year in operations.
Content comes from both international and domestic media companies, and videos are made available to over 850,000 customers throughout Scandinavia. More than 80% of the content on Voddler is said to be made available free of charge, though it comes with ads.
Voddler is now focusing its development efforts on making its content available on handheld devices like smartphones and tablets, as well as on Internet-connected TVs and set-top boxes. Hence the partnership with Nokia.
Founded in 2005, Voddler is headquartered in Stockholm, Sweden, and builds its service on patented peer-to-peer technology for managed distributed streaming. The service is currently available in Sweden, Finland, Norway and Denmark.
Voddler, Inc. provides virtual cable television system. It offers VoddlerNet technology, which enables viewers to watch television programs, movies, and various video contents. The company primarily operates in the United States and Europe. It serves media producers, aggregators, and distributors. Voddler was founded in 2005 and is based in Stockholm, Sweden.
NGP, Nokia Growth Partners, helps mobile-driven innovators build disruptive, industry-changing companies and take them to the global market. With $600M under management, NGP provides unique industry expertise, resources and dedicated support, enabling entrepreneurs to focus on developing their products and innovations. NGP offers the best of the venture model, enhanced with direct market access via Nokia and partnership opportunities through our vast industry network. With market-focused teams in the US, Europe, India and China working together, NGP can help...
Seattle, WA
San Diego, CA
Menlo Park, CA
Boston, MA
Berlin, Germany
San Francisco
