Zype, a cloud video distribution service for over-the-top (OTT), has announced a total of $4.9M in new funding with the close of a Series A Funding Round led by Runa Capital. With the new funding, the company plans to accelerate its product roadmap as well as fueling its sales and marketing efforts.
Launched in 2014 and headquartered in New York, Zype provides “easy, automated tools to publish video on the web, mobile devices, and connected TV’s, with services that enable monetization, high quality live and on-demand streaming, subscriber and audience management, and analytics.”
Over the last year, Zype’s customer growth has exceeded 200%, serving video publishers across niche sports, entertainment, educational, lifestyle and children’s programming. In the last quarter alone, Zype nearly tripled its customer base year over year. The recent funding round would fuel that growth with sales and marketing initiatives.
Zype also plans to accelerate its technology development with tools that would continue to enable content owners to make money from their video content via paywalls and ad integrations as well as provide their audience with an enterprise-level streaming experience across the web, mobile, and connected TV devices for both live and on-demand formats.
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,” said Ed Laczynski, co-founder and CEO of Zype. “Our software has enabled amazing video businesses with the tools to build, manage and grow their own streaming services, on their own terms. 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.”
With the new funding, Zype recently launched 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. Zype U’s self-guided core curriculum focuses on four tracks that would be critical to OTT business success: monetization, audience development, content engagement, plus marketing and promotion.