Nokia Growth Partners is the leading investor in the latest financing round for Voddler, a video streaming service for the Nordics. Back in September, Elisa, a Finnish operator received approximately 10% of Voddler’s stock for 40 million Swedish kronor. Back then, the company was valued at approximately 30 million euros.
2010 was Voddler’s first full year of operations and it showed 5 million moviews from a growing catalogue of 3500 titles. 80% of the content is free and ad-funded while the rest is available for rental at a small premium. Voddler claims to currently have 850 000 customers throughout Scandinavia.
What attracted Nokia Growth Partner’s investment into the company can be the development focus of the company. Voddler states in their press release that they will be focusing on showing film on handheld devices such as smart phones, tables as well as internet-connected TVs and set-top boxes.
The transaction is expected to close towards the end of Q1 this year.