Dynamic Broadcast Secures €1m Funding Round

Dynamic Broadcast, formerly Visual Unity Global, has secured a Series C funding round of €1,000,000.

The funding, which has been raised with the participation of management, private investors and 3TS Capital Partners, Dynamic's existing majority investor, will be used to complete additional modules for the MediaLounge OTT video platform. It will also go towards the launch of MediaLounge Corporate, a solution for video production, management, and distribution for corporate and intranet use.

Arnd Froehlich, CEO, said: "Dynamic has made great inroads in the Asian, North American and African markets with our powerful OTT/VoD/Streaming platform, but now it is time to add a robust corporate video solution. Modern corporations are ready to implement knowledge based video training. Creation of that video knowledge resource, then management and distribution becomes a headache. MediaLounge Corporate will make these concerns disappear, and save corporations significant amounts on training and video management."

"This funding round demonstrates a lot of confidence in Dynamic and the MediaLounge product," added Daniel Lynch, Managing Partner of 3TS. "When management and ownership are willing to bet big on the future of the company you know they have the confidence they need to create world leading innovative products. We're very supportive of Dynamic and we hope our clients will recognize this."

(JP/LM)