Company Name: iMediaShare, Sofia, Bulgaria
Type of business: Internet Technology
Investor: LAUNCHub Fund, through the JEREMIE Acceleration & Seed Instrument
Amount invested: EUR 200,000
iMediaShare, play videos from your mobile to your HD TV: no box, no cables, no TV apps!
You’ve just come back from a week in the sun and can’t wait to show a group of friends your holiday photos together. The only problem is that all your photos are on your tiny razor thin smartphone. iMediaShare solves this problem in seconds. Without a cable or a wide screen projector you can simply stream the photos directly to your widescreen TV and share them with the group there and then. The same goes for TV programmes, videos and other content you might have on your phone.
iMediaShare is among the first batch of innovative startup companies financed by LAUNCHub in 2012, under the JEREMIE Acceleration & Seed Instrument. Founded
by a team of experienced IT entrepreneurs, iMediaShare has developed a cloud-based video streaming platform providing an easy and convenient way to watch online videos on TV, instantly and free of charge.
By the end of 2012 iMediaShare had 1 US patent granted and 1 in review and had already received 4 innovation awards. In the same year, there were over 3.5 million downloads from the site and more than 1 million active users each month, growing at 12% month on month. Over 10 million media files are streamed from this site per month.
With the EUR 200,000 LAUNCHub investment, the company will continue to grow its user base via niche content currently unavailable on TV screen and rich content discovery options while introducing VOD subscription services. The target set for 2013 is to reach 2 million active users per month.