Accedo raises $17m in growth capitalThursday, January 3rd, 2019
Accedo Raises $17M in Growth Capital to Accelerate Innovation
- Accedo accelerates innovation in video experiences with growth capital injection of $17M
STOCKHOLM — 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.