Stockholm, 3rd January 2019 – Accedo, the video experience pioneer has today revealed that it has raised $17M in equity to further drive its growth over the coming years. This round of financing was led by SEB Private Equity, a Stockholm based private equity team and already a substantial investor in Accedo.
Accedo was founded in 2004 by Michael Lantz and Fredrik Andersson with the vision of providing the future of internet distributed video services. Today, Accedo is a leader in OTT video experience solutions and Accedo’s global solution team, award winning Accedo One product portfolio and flexible, high quality managed services are trusted by leading media companies, operators and broadcasters world-wide.
“The industry is undergoing tremendous change at the moment. We see rapid innovation happening and existing business models and technologies are being challenged. As an innovator in the market, we have great opportunities to set and drive the agenda during a dynamic transformation. I’m thrilled to be able to continue to lead the market in new areas over the coming years,” says Michael Lantz, CEO, Accedo.
In addition to rolling out multiple new products for the core video experience market, Accedo has over recent years continued to innovate and entered into new business areas, including VR, AR, Voice interaction, as well as data-driven analysis of video experiences.
“Accedo has built a leading position in a very dynamic and rapidly changing industry. The market trends are moving in the right directions and we expect to see continued rapid industry evolution over the coming years. We’re looking forward to supporting Accedo as we embark on the next step on this exciting journey”, commented Magnus Ramström, Investment Director , SEB Private Equity.
Accedo will be demonstrating its latest innovations at CES from 8th – 11th January. Accedo will be exhibiting at the Venetian, Suite 29-125. To book a meeting, please visit https://www.accedo.tv/events/ces-2019
Accedo is the trusted video experience transformation pioneer improving the lives of video consumers by the hundreds of millions. Over the years, Accedo has earned the trust of the world’s leading video service providers – customers to whom two goals are paramount: explore new opportunities to monetize video and transform video services to meet rapidly changing consumer expectations.
With this in mind Accedo has developed Accedo One™, the first cloud platform dedicated to providing operators, broadcasters and brands with the freedom to build, manage and deploy high-quality, engaging video experiences the way they want to.
About SEB Private Equity
SEB Private Equity invests capital from top-tier third party institutions including endowments and pension funds. Established in 1856, SEB is one of the major Nordic banks with strong historic linkage to the industry. Since its foundation in 1998, SEB Private Equity has become a leading Nordic based, global private equity investor focusing on developing companies both operationally and strategically by partnering with entrepreneurs and managers. SEB Private Equity has managed to build a highly experienced team with an excellent network and the skills to source proprietary investment opportunities and create long-term investor value. SEB Private Equity manages about USD 4bn in capital on behalf of clients.
In the tech and media industry, recent investments by SEB Private Equity range from mature companies such as Sintec Media and eFront, and early investments in growth-oriented companies such as Planday, WeWork, iZettle, GrubHub, LearnVest, Boku and Yello Mobile. For more information, please visit http://www.seb.se/
Communications Manager, Accedo
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