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Saturday, July 2, 2022

ThirdPresence Raises $800K For Whitelabel Mobile Video Platform

ThirdPresence, a cloud-based mobile video platform, announced on Friday it has raised $800 000 (€614 000) in seed funding. The investment round was led by Jussi Heinila, a co-founder of Accelerando. Fellow angel investors include Matti Suokko, former Microsoft executive, Olli-Pekka Kallasvuo, former Nokia CEO, Ari Korhonen, Riku Asikainen, and Jussi Ilmarinen.

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The Helsinki-based company provides a complete whitelabel solution for mobile video hosting, delivery, monetization and analytics. The service allows users to publish their video or audio content on mobile websites or within any native application. ThirdPresence also supports live audio or video streaming along with standard video on demand playback.

The company has angled itself to enable mobile video content publishing for newspapers and media companies, as well as mobile marketers and agencies. Current customers include RTL Nederland, Telia, The Voice, and SahelTV. “ThirdPresence’s scalable business model and early success with tier-1 customers such as RTL and Sanoma underscores the market need for professional mobile video publishing and the viability of SaaS solutions that are simple to use and extremely easy to deploy,” said Ari Korhonen, investor and chairman of the board.

“This funding accelerates the expansion of our product offering and the reach of our sales, marketing and business development efforts. We look forward to working with the investment team and benefiting from their collective industry knowledge and expertise,” says Markus Backstrom, CEO and co-founder of ThirdPresence.

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