Netskrt Systems, a Content Delivery Network (CDN) provider uniquely focused on improving over-the-top (OTT) streaming video quality at the network edge, announced that it has secured C$10 million equity financing from Yaletown Partners, InBC Investment Corp, and Credit Mutual Equity.
With this Series A funding round led by Yaletown (a leading Canadian venture capital fund), Netskrt will expand its edge CDN (eCDN) footprint into international markets, including Europe and South America, and the airlines and other travel markets.
Netskrt currently delivers tier 1 streaming video on demand (VOD) and live media across a footprint in Canada, the US, and the UK. This funding will further allow Netskrt to expand customer support, engineering, and operations to fulfill its global eCDN mission.
KEY QUOTES:
“This financing marks a significant milestone in Netskrt’s journey, affirming investor confidence in our vision, team, and opportunity for significant growth. The Netskrt eCDN uniquely enables streaming subscribers to view content at the highest quality, in locations ranging from the urban, rural, or remote neighborhoods to 30,000 feet in the air.”
- Siegfried Luft, Netskrt CEO and co-founder
“By offering an intelligent CDN solution for the edge of the network, we believe the Netskrt team is ideally positioned to realize significant opportunities in their mission to enable content owners to offer a high-quality viewing experience for their subscribers.”
- Brad Johns, Partner, Yaletown
“We’re excited to be working with the Netskrt team and to bring our reach and expertise in Europe to help them as they expand their unique eCDN offering globally.”
- Ludovic Andre, Managing Director, Credit Mutuel Equity
“Netskrt’s innovations are addressing a large market demand and will benefit Canadians — and subscribers worldwide, particularly those living in remote and rural communities who are underserved by existing technology. InBC’s investment in Netskrt will improve content delivery and access to services for more people and aligns with our objective to innovate for the future.”
- Leah Nguyen, Chief Investment Officer, InBC Investment
