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                            <title><![CDATA[ Latest from Next TV in Startup-funding ]]></title>
                <link>https://www.nexttv.com/tag/startup-funding</link>
        <description><![CDATA[ All the latest startup-funding content from the Next TV team ]]></description>
                                    <lastBuildDate>Thu, 30 Jul 2015 11:00:00 +0000</lastBuildDate>
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                                                            <title><![CDATA[ FreedomPop Lands $6M More ]]></title>
                                                                                                                                                                                                <link>https://www.nexttv.com/news/freedompop-lands-6m-more-392593</link>
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                            <![CDATA[ FreedomPop Lands $6M More ]]>
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                                                                        <pubDate>Thu, 30 Jul 2015 11:00:00 +0000</pubDate>                                                                                                                                                                                                                                <category><![CDATA[Business]]></category>
                                                    <category><![CDATA[Technology]]></category>
                                                                                                                    <dc:creator><![CDATA[ Jeff Baumgartner ]]></dc:creator>                                                                                                        <dc:description><![CDATA[ null ]]></dc:description>
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                                <figure class="van-image-figure pull-" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' ><p class="vanilla-image-block" style="padding-top:56.25%;"><img id="2cGi7d4AsacvmB2XhwAFqB" name="" alt="" src="https://cdn.mos.cms.futurecdn.net/2cGi7d4AsacvmB2XhwAFqB.jpg" mos="https://cdn.mos.cms.futurecdn.net/2cGi7d4AsacvmB2XhwAFqB.jpg" align="" fullscreen="" width="" height="" attribution="" endorsement="" class="pull-"></p></div></div></figure><p>FreedomPop, a company that provides “free” mobile voice and data services to cost-conscious consumers, said it has landed $6 million in additional  strategic funding that includes a new investor that will help the startup expand into southeast Asia.</p><p>The latest infusion comes more than a month after FreedomPop <a href="https://www.nexttv.com/news/freedompop-sidesteps-ma-scores-funding-instead-391451" data-original-url="https://www.multichannel.com/news/freedompop-sidesteps-ma-scores-funding-instead-391451">announced a $30 “B” round led by Partech Ventures</a>.  The latest investment includes $6 million of new funding, plus $4 million that was “ring-fenced” in the recent $30 million round. FreedomPop, which has decided to go it alone after declining “multiple M&A offers,” has raised about $58 million.</p><p>FreedomPop said a portion of the latest strategic investment came way of Axiata Group, which claims to have more than 230 million users across Malaysia, Indonesia, India, Bangladesh, Singapore, Cambodia, and Sri Lanka.</p><p>FreedomPop said it will apply its technology and business model with Axiata’s network, and aim to disrupt the mobile market there via over-the-top and traditional telecom business models.</p><p>“Axiata’s investment comes with a major commercial partnership that will help take FreedomPop to a whole new level globally, not only by extending our reach, but by expanding how we work with carriers around the world,” Stephen Stokols, FreedomPop’s  founder and CEO, said in a statement.</p><p>FreedomPop said it is in similar partnership talks with other major global carriers.</p><p>FreedomPop launched its free phone service about 18 months ago. Last month, it said it was nearing 1 million subs. It’s in the process of rolling out services in the U.K. this summer, followed by other parts of Europe.</p><p>FreedomPop is looking to expand as it continues to compete with traditional mobile carriers as well as with Project Fi, a <a href="https://www.nexttv.com/news/google-unveils-mobile-service-starting-20month-390001" data-original-url="https://www.multichannel.com/news/google-unveils-mobile-service-starting-20month-390001">new service from Google that will start at $20 per month</a> and will run on pre-vetted WiFi hot spots and Sprint’s and T-Mobile’s U.S. 4G LTE cellular networks. Cablevision Systems, meanwhile, has launched a WiFi-only service called Freewheel.</p>
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                                                            <title><![CDATA[ Sky Plows $5M More Into 1Mainstream ]]></title>
                                                                                                                                                                                                <link>https://www.nexttv.com/news/sky-plows-5m-more-1mainstream-388894</link>
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                            <![CDATA[ Sky Plows $5M More Into 1Mainstream ]]>
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                                                                        <pubDate>Tue, 17 Mar 2015 12:00:00 +0000</pubDate>                                                                                                                                                                                                                                <category><![CDATA[Content]]></category>
                                                    <category><![CDATA[Streaming]]></category>
                                                    <category><![CDATA[Distribution]]></category>
                                                    <category><![CDATA[Technology]]></category>
                                                    <category><![CDATA[Business]]></category>
                                                                                                                    <dc:creator><![CDATA[ Jeff Baumgartner ]]></dc:creator>                                                                                                        <dc:description><![CDATA[ null ]]></dc:description>
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                                <figure class="van-image-figure pull-" data-bordeaux-image-check ><div class='image-full-width-wrapper'><div class='image-widthsetter' ><p class="vanilla-image-block" style="padding-top:56.25%;"><img id="x6E7GgAEyFeGpccrs77kjP" name="" alt="" src="https://cdn.mos.cms.futurecdn.net/x6E7GgAEyFeGpccrs77kjP.jpg" mos="https://cdn.mos.cms.futurecdn.net/x6E7GgAEyFeGpccrs77kjP.jpg" align="" fullscreen="" width="" height="" attribution="" endorsement="" class="pull-"></p></div></div></figure><p>1Mainstream, a startup that has developed a multiscreen distribution platform for live and on-demand video, said U.K.-based entertainment company Sky has invested another $5 million as part of a deeper relationship under which 1Mainstream and Sky will create a new subsidiary focused on new product concepts.</p><p>The new investment, made in the form of a convertible debt security, follows Sky’s $2 million investment in 1Mainstream in August 2013. Including the new $5 million infusion from Sky, 1Mainstream has raised a total of $8.75 million.</p><p>Sky already uses 1Mainstream’s platform to deliver OTT services such as Sky News and <a href="http://www.nowtv.com/about">NOW TV</a>, which features monthly entertainment packages and daily and weekly passes for Sky Sports.</p><p>Founded in 2012 by former Roku, TiVo and Apple execs, 1Mainstream works with more than 70 content providers, including CBS, Fusion TV (Univision/ABC), Foxtel, ACC and Tastemade. Platforms supported by 1Mainstream include the Amazon Fire tablet, Amazon Fire TV, Android tablets, the Apple iPad, Apple TV box, Google Chromecast, Roku devices, Samsung smart TVs, the Xbox 360 and Xbox One, and Web browsers. Platforms on 1Mainstream’s roadmap include the PlayStation 3 and PlayStation 4, LG TVs, and Windows 8 devices. 1Mainstream makes components that would put it in competition with companies such as Comcast-owned thePlatform, Brightcove, Ooyala, and Piksel, among others.</p><p>Sky’s investment follows other recent financial backing made in OTT and multiscreen startups and companies, including Pluto TV, Whistle Spots, Elemental Technologies, and Roku.</p><p>“We are delighted to be demonstrating our commitment and belief in 1Mainstream by making this additional investment,” Emma Lloyd, Sky’s director of corporate business development and startup investments, said in a statement. “Our partnership is a great example of the way in which we find innovative and forward-looking startups that support our key business goals. We’ve already seen the real value by extending the distribution of our content onto new platforms and into new geographies.  The 1Mainstream team have some exciting new product ideas in the pipeline and we look forward to exploiting those in the future.”</p><p>“It’s hard to overstate Sky’s role in our development and growth,” added Rajeev Raman, CEO and co-founder of 1Mainstream. “Their spirit of innovation and ability to partner with a young organization is a rare and potent combination that we are very excited to be a part of.  The opportunity to jointly define and build the next generation of digital OTT services is phenomenal. We are very much looking forward to expanding our partnership.”</p>
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