News Column

United States : EARLYBIRD VENTURE CAPITAL, TIM DRAPER invest in FLIPPS

May 6, 2014



The app for streaming video from wireless devices to a TV set, Flipps (earlier known as iMediaShare) has secured $2.4 million from Earlybird Venture Capital and current investors, which includes famed Silicon Valley investor, Tim Draper.

While growing its library of premium content, Flipps will use the money to build on its expanding business in the US and Europe.

Flipps is a wireless app for entertainment fans who seek to discover and project content onto any linked TV using their wireless device (as a remote control) with no extra hardware or set up.

Earlybird Venture Capital'sDan Lupu, said : "Flipps helps content owners save tremendous resources because integration onto the Flipps video adaptive platform is effortless and scalable. With our investment, Flipps accelerates its incredible growth and will finalize more deals with forward thinking publishers eager to reach new audiences. The Flipps distribution channel also offers flexible monetisation solutions in the form of advertising and subscription models."

Tim Draper said : "Flipps has created a scalable new TV distribution channel. It is an elegant user experience where TV goes mobile wherever your mobile device goes so goes your TV. Flipps is turning an entire industry on its head."


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Source: TendersInfo (India)