Zype, the cloud video distribution service for over-the-top (OTT), has locked down a total of $4.9M in a Series A Funding Round lead by Runa Capital. Other investors include Revel Partners, Point Nine Capital, Alpine Meridian Ventures, and Entrepreneurs Investment Fund.
“Zype has been a driving force in democratizing live and on-demand video distribution for content owners that sell direct to consumer. Our software has enabled amazing video businesses with the tools to build, manage and grow their own streaming services, on their own terms,” said co-founder and CEO Ed Laczynski. “With the new funding, we’re excited to accelerate our product roadmap to empower our existing customers and reach new businesses looking for easy and automated OTT solutions.”
Over the last year, Zype’s customer growth has exceeded 200%. In the last quarter alone, Zype more than doubled its customer base year over year. The new investment will allocated to continuing that growth with sales and marketing initiatives.
“After experiencing downtime and issues with our previous video platform, we needed to move
to a more reliable live streaming solution in a short period,” said Steve Campione, CFO at RFD
TV. “With Zype we were up and running in under a week and have been extremely impressed
with the rich feature set and dependability of their live streaming technology.”
Zype plans to accelerate its technology development with tools that continue to enable content
owners to make money from their video content via paywalls and ad integrations.
“With the momentum Zype has generated and the explosive growth of the direct-to-consumer
streaming market, we’re excited to lead Zype’s first major round of funding,” said Peter Bauert,
Partner at Runa Capital. “Not only are its tech and team built for scale but the industry is ripe
and ready for a market leader to emerge. We believe that’s Zype.”
The new funding has also allowed the company to launch Zype University, an online learning center and education program designed to help content creators and owners quickly achieve measurable results through marketing strategies, tactical guidance and best practices. The core curriculum focuses on four tracks to OTT business success: monetization, audience development, content engagement, and marketing.
Zype launched in 2014 and is headquartered in New York.