Tvinci, an Israel -based over-the-top (OTT) television platform, has raised $4.5m in funding from Cyprus-based Trellas Enterprises and return backers private investment firm Kaedan Capital and Zohar Gilon. Founded in 2007, Tvinci has developed a platform that enables subscription TV operators to deploy OTT video services to their subscribers.
Tvinci recieved $1.6m in Series A funding in 2009 which was led by Zohar Gilon and Ron Tamir’s Keidan Capital Group.
Tvinci will use the new funds develop its OTT 2.0 Platform as well as expanding into markets in Asia, Latin America and the US.
Trellas is a Cyprus-based banking and mobile handset company, which was set up in 2006, according to news provider Bloomberg.