Zype, a cloud-powered OTT distribution service, said it has closed a $3.6 million round of seed funding led by Revel Partners.
Zype noted that $2 million has been added to an initial raise of $1.6 million announced last October. Other investors include Point Nine Capital, Alpine Meridian Ventures, Berlin Ventures, Entrepreneurs Investment Fund, and Terrapin Bale Ventures.
Zype, founded in 2014 and headquartered in New York, said revenues in 2015 rose 229% paired with a 327% surge in new customer acquisitions.
The startup said more than 100 OTT apps from customers are now present in the market, and claims to be managing more than 821,000 unique video titles for its partners. Zype’s announced customers feature mix of content creators and SVOD services, including NBTV Studios, Mill Creek Entertainment, The Rebel Media, The Film Detective, The Grind House, Chukker.tv, Brooklyn On Demand, Shout! Factory, and the All Babies Channel.
Zype’s platform, which handles elements such as publishing, streaming alongside data analytics, supports a wide range of platforms, including Apple TV, iOS and Android, the Google Chromecast, Amazon Fire TV, Web browsers, and smart TVs.
Zype also announced that AJ Vernet, late of DoubleClick, Sizmek, and Digital Broadcasting Group, has been hired as chief revenue officer.
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