Thursday, May 24, 2012

Tape.tv Raises $6.2 Million To Begin An International Roll-Out

blogstartfototape.tv has been around for a while - since July 2008 to be exact. It operates like a mix between an online version of MTV and Pandora. Just like the latter service, on Tape.tv users can skip, like or dislike the videos as they play, so the service starts to tailor itself to their tastes. I came across it in various visits to Berlin over the last couple of years but have been frustrated that this great service has only been aimed at the German market. However, I'm excited that it's about to scale into new countries. The company has now raised ?5 million ($6.2 million) in a Series B funding round. Participants include Atlantic Capital Partners GmbH , Dario Suter, Christoph Daniel and Marc Schmidhelny (DCM), prolific Berlin Angel investor Christophe Maire, alongside Investitionsbank Berlin and VC Kreativwirtschaft Berlin. The cash will be used to scale the business, appear on other platforms like smart TVs and launches into France and the UK in early autumn. The relaunch will also see the creation of an electronic program guide (EPG) for their own live shows and events.

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