Simplestream raises £500,000 for US, Europe expansion

UK-based multiscreeen TV technology company Simplestream has received ￡500,000 in funding from Clydesdale and Yorkshire Bank’s Growth Finance team.

The company said it will use the finance to help expand internationally, with plans to create a presence in the US and mainland Europe.

“It’s a hugely exciting time for us and the new funding will enhance our ability to grow the business and explore new, international markets,” said Simplestream founder and CEO, Adam Smith.

“Our business is built on innovation, service and delivery and it was great to work with a partner who understood our vision and ambitions and was able to deliver the right solution at the right time.”

Simplestream offers live, catch-up and VOD video delivery services to clients that include QVC, UKTV, Trace, A+E Networks and Sony.