Scandinavian online movie service Voddler has received investment from Cipio Partners, an investment and advisory firm.
Voddler said the private placement would help it to continue to expand its online platform that delivers movies to PCs, smartphones, tablets and connected TV-screens. Voddler currently has over has over one million registered customers in Sweden, Norway, Denmark and Finland.
Roland Dennert, managing partner at Cipio Partners, will join Voddler’s board, while Patrick Ståhle, one of Voddler’s first investors, is resigning his position on the board on January 1, 2012.
“We are happy to welcome Roland Dennert, whose experience in building global media and technology companies will be invaluable as we continue our international growth. At the same time, we are indebted to Patrick for his hard work as a board member during several years and for his now continued support as a shareholder,” said Marcus Bäcklund, CEO of Voddler.