TV streaming service Simplestream secures £500k

Oct 10, 2017 · growthbusiness.co.uk

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UK-based live streaming TV platform, Simplestream, secures £500,000 from Clydesdale and Yorkshire Banks' Growth Finance team.

Simplestream, a UK-based TV streaming service, has received a £500,000 finance package from Clydesdale and Yorkshire Banks’ Growth Finance team.

The London-based company is going through a stage of significant growth, which is why it turned to the bank for funding. This round is to assist with further investment and international expansion as Simplestream increases its sales and development team. The company currently employs 30 people in its London office and will be expanding to create a presence in both the US and continental Europe.

"It’s a hugely exciting time for us and the new funding will enhance our ability to grow the business and explore new, international markets. Our business is built on innovation, service and delivery and it was great to work with a partner who understood our vision and ambitions and was able to deliver the right solution at the right time," Adam Smith, founder and CEO, Simplestream said.

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