Over-the-top (OTT) media company Alchimie has invested an undisclosed amount to acquire UK-based online television provider TVPlayer, allowing broadcaster A+E Networks to exit.
Formed and subsequently spun off by OTT platform developer Simplestream, TVPlayer runs an online portal where viewer can access free-to-air channels such as BBC 1 and 2, ITV and Channel 4 through web and mobile apps.
A+E Networks led a $6.4m round for the company in 2016 that was also backed by venture capital firm Beringea. Investment firm Yolo Leisure and Technology paid $830,000 for a 5.1% stake the year before, after Beringea had invested an undisclosed sum in 2014.
