WYPLAY Secures 9 Million Euro Third Round FinancingTuesday, May 4th, 2010
MARSEILLE, France — WYPLAY SAS, a pioneer in the development of the High-Definition Media Center, today announced it has closed a 9 million euro third round of financing.
Amundi Private Equity Funds, who led this 3rd round, was joined by A Plus Finance, Elaia Partners and Sofinnova Partners, Wyplay’s second round lead investors reflecting their continued confidence in the company. Together with the two previous investment rounds totaling EUR14 million, the third round of investment brings the amount raised by Wyplay to EUR23 million over three years.
Independent, global, and internationally recognized, Wyplay provides state-of-the-art solutions for Connected-HDTVs, Media Center CE devices, HD IPTV boxes, HD Set Top Boxes, and in-home media-HDD products. Wyplay has to date experienced an immediate and remarkable success among international Tier 1 clients that include SFR-Vodafone, the world’s 3rd largest IPTV operator, and D-Link, the leading end-to-end networking solutions provider for consumers and business.
“We are just simply impressed by the progress made by Wyplay in such a short period of time, especially considering the quality of brand names they have secured. The team, their vision, and their combined competencies are revolutionizing the CE Media Center eco-system.” said Mathieu De La Rochefoucauld, Amundi Partner. “The products which will hit the market in mass production in September will prove that there is a ‘before Wyplay’ and an ‘after Wyplay’.”
“The continuous string of successes that Wyplay has created reinforces our initial, and continued belief in both this market and the Wyplay team” said Alain Tingaud, speaking on behalf of Wyplay’s historic investors: Sofinnova, Elaia Partners, and A Plus Finance.
“Together with Sofinnova, Elaia Partners and A Plus Finance, we have built an international recognized company in the CE industry by delivering disruptive solutions to major international customers” said Jacques Bourgninaud, Wyplay CEO. “This new round will enable us to expand our current offering by adding breakthrough web services including an Application Store and the aggregation of hundreds of on-line TV content providers.”
The transaction was led by Clipperton Finance, acting as Sole Manager. Clipperton Finance is a leading European corporate finance firm, with offices in London and Paris, specializing in mergers-acquisitions and financing rounds for high-technology and media companies.