France-based live television streaming service Molotov has raised €22m ($23.3m) in a series B round that featured broadcaster Sky, TechCrunch reported yesterday.
Sky made its €4m commitment in September 2016 and has been joined by Idinvest Partners, TDF Ventures, unnamed backers and angel investors.
Molotov has developed an app for set-top boxes such as Apple TV, mobile devices and smart TVs that lets viewers rewind live television to watch shows from the beginning, bookmark series and films in the cloud to watch later on any device and catch up on programs for a few days after they have aired.
The company offers a basic package of channels for free, with additional content and the bookmarking feature available for a subscription fee.
The platform is currently only available in France and the company is currently still trying to convince several broadcasters to enable all of its features.
In June 2015, Idinvest and several private investors provided €10m in funding to the startup.