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Voddler gets private equity cash injection

Swedish video-on-demand service operator Voddler has received SEK26m (€2.6m) in additional funding from the private equity Eqvitec Technology Fund.

Accordingly, Eqvitec’s Hadar Cars has joined the Voddler board and the private equity firm has become a shareholder in the Swedish company. Voddler content is delivered online and is available for a fee or ad-supported. It has about 400,000 customers. It plans to roll out its service beyond its native Sweden in the first quarter of this year, initially targeting the other Scandinavian countries.