Rayneer.tv closes CHF 2million financing round

14.10.2013 09:23

Rayneer.tv has closed a Series A financing round. Investors are Zürcher Kantonalbank, Wilmaa.com and several private investors including Andreas Widmer, CEO Y&R Group Switzerland.

Rayneer.tv, a start-up developing a personalised TV service, has closed a financing round. Investors include Wilmaa.com – an internet TV service which is part of the Goldbach Group -, Zürcher Kantonalbank (ZKB) and private investors. Andreas Widmer, Helmut Dietl, Professor at the University Zurich and Wilmaa-founder Thomas Gabathuler will join the Board of rayneer.tv.

The next steps for the company will be the integration of rayneer.tv into Wilmaa.com, the development of an app for Samsung’s Smart TVs and the expansion to Eastern Europe.

Rayneer, a start-up from Zurich, offers personalized music TV. With the help of a free app on a smartphone, tablet or via a web browser the viewer receives exactly the music videos he or she wants. This is made possible through linking with social networks such as Facebook or Twitter. The beta-version of the app was launched one year ago. The service is free for its users. Rayneer generates revenue with advertisement. The platform is marketed by Goldbach Audience.

Rayneer was founded in 2011 by OIiver Flueckiger (CEO) and Yannick Koechlin (CTO) in Zurich.

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