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Bitesize Tuesday: PeerTV Marks First Israeli IPO in London in Three Years

PeerTV, a veteran Israeli startup company which enables Content Providers, ISPs and Operators to deliver OTT (Over-the-Top) TV services, has filed for IPO in the London AIM market today
byEze Vidra
October 19, 2010
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PeerTV, a veteran Israeli startup company which  enables Content Providers, ISPs and Operators to deliver OTT (Over-the-Top) TV services, has filed for IPO in the London AIM market today. This is the first Israeli company to go public in London in the last three years. PeerTV hopes to raise £6 million in this move (or $9.64 million) to position itself as a player in the growing Internet TV market.

PeerTV’s OTT service includes live channels VOD and free public content over the open Internet such as podcasts and streaming video. The IPO is underwritten by Libertas Capital Corporate Finance.  PeerTV says it is profitable ($200,000 profit in the last six months) on revenue of  £3.12 million – a growth of almost 30% from last year, in which PeerTV grossed £2.18 million.

For OTT TV channel operators, PeerTV’s solution provides minimization of the initial risk by lowering the needed investment and a solid technological solution that needs minimal integration efforts. Coninue reading PaidContent’s summary of the IPO and an analysis of the recent connected TV IPO moves.

Demo of PeerTV’s technology from YouTube:

Eze Vidra
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Eze Vidra
Co Founder and Managing Partner at Remagine Ventures
Eze is managing partner of Remagine Ventures, a seed fund investing in ambitious founders at the intersection of tech, entertainment, gaming and commerce with a spotlight on Israel.

I'm a former general partner at google ventures, head of Google for Entrepreneurs in Europe and founding head of Campus London, Google's first physical hub for startups.

I'm also the founder of Techbikers, a non-profit bringing together the startup ecosystem on cycling challenges in support of Room to Read. Since inception in 2012 we've built 11 schools and 50 libraries in the developing world.
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Eze Vidra
Eze is managing partner of Remagine Ventures, a seed fund investing in ambitious founders at the intersection of tech, entertainment, gaming and commerce with a spotlight on Israel. I'm a former general partner at google ventures, head of Google for Entrepreneurs in Europe and founding head of Campus London, Google's first physical hub for startups. I'm also the founder of Techbikers, a non-profit bringing together the startup ecosystem on cycling challenges in support of Room to Read. Since inception in 2012 we've built 11 schools and 50 libraries in the developing world.
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