Herbst Kinsky advises Bitmovin on its USD 10.3 million series A financing round with Atomico as lead investor
The corporate law firm Herbst Kinsky advised Bitmovin Inc (USA) and its 100% affiliate bitmovin GmbH (Austria) in connection with its series A financing round in the amount of USD 10.3 million with Atomico (UK) as lead investor. Further investors have been Dawn Capital (UK), Y Combinator (Silicon Valley) and Speed Invest (Austria).
Bitmovin, founded 2013 in Klagenfurt (Austria), is a global technology leader for high performance streaming solutions. „Bitmovin enables content providers to offer high-quality video streaming on every platform. We are 100 times faster than the international competition“, states co-founder Stefan Lederer.
Atomico is one of Europe’s leading investment firms focused on worldwide fast growing technology companies. Investors and managers of Atomico have already been responsible for the global expansion, growth and marketing of companies as Skype, Google, Uber or Spotify.
Florian Steinhart (Herbst Kinsky): “I am happy to have been part of one of the biggest venture capital transactions of this year involving an Austria start-up. With a good idea and hard work Bitmovin managed to make a name for itself in Silicon Valley which is outstanding for an Austrian start-up”.
The team of Herbst Kinsky was led by Florian Steinhart. Further members of the team have been Tanja Lang (employment) and Florian Pollak (corporate). Michael McGrail from the US law firm Cooley, LLP acted as local counsel in the US.