US-based video infrastructure technology provider Bitmovin attracted $25m on Tuesday in a series C round led by Swisscom Ventures, a corporate venturing unit for telecommunications firm Swisscom.
Venture capital firms Climb Ventures and Atomico also took part in the round, as did growth equity fund Highland Europe and Constantia New Business, an independent sister company of diversified conglomerate Constantia Industries.
Bitmovin provides cloud-based digital infrastructure that enables over-the-top media companies to encode their video content for video streaming services.
The company said it has now raised $68m since it was founded in 2013. It received $30m in a 2018 series B round led by Highland Europe, which invested alongside Atomico, Constantia New Business, Dawn Capital and Y Combinator.
Atomico led the company’s $10.3m series A round in 2016 with participation from Dawn Capital, YCombinator and SpeedInvest.
Zillionize invested an undisclosed amount in Bitmovin in 2015, after the company had secured a seven-figure dollar amount in a seed round featuring Constantia Industries, SpeedInvest and unspecified Austrian state-backed investors the year before.