FITE operates a pay-per-view streaming platform that broadcasts combat sports events and has expanded from a mobile-to-TV app into a niche streaming network. The platform streams up to 1,000 combat sports events yearly and has over 1.6M registered users. FITE holds partnerships with Top Rank Boxing, the Premium Boxing Championship, and DAZN, and the company has a patent for its low-latency streaming technology. Flipps acquired US machine-learning startup Avid AI and integrated personalized news feeds into FITE to improve user engagement. The company is experimenting with subscriptions and expanding into e-sports, music festivals and other live events. FITE reached break-even and was cash-flow positive in the first half of 2019, has a 25-person team distributed between Sofia and New York, and is pushing further into the US, Canada, Australia, the UK and parts of Europe. Flipps offers a free iOS and Android app that lets users discover and project movies, music and videos onto any connected TV using a mobile device as a remote. The company’s patented technology reportedly works with over 250 million connected TVs and is compatible with more than 5,000 manufacturer models. Flipps maintains a library of over 100 licensed channels, including online series like Back On Topps, Hollywood movies, and news from The Washington Post. The firm is led by CEO Kosta Jordanov and is based in San Francisco, New York and Sofia, Bulgaria. Flipps intends to use the newly raised funds to expand its library of premium content. The article does not disclose revenue or user figures. Flipps (formerly iMediaShare) is a San Mateo, CA–based multi-screen TV streaming service led by co-founder and CEO Kosta Jordanov. The company provides mobile media discovery and control technology that delivers over-the-top video to connected TVs by streaming directly from the cloud. Flipps is compatible with over 250 million existing television sets, including more than 4,000 models from manufacturers such as Sony, Samsung and LG. The service is available in Lite and HD ($4.99) versions on Google Play and the Apple App Store. Financially, Flipps is funded by Launchub and Teres Capital and has received a personal investment from VC Tim Draper; the amount of that funding was not disclosed.

Total raised

$4M

Funding rounds

3

Latest round

Equity

Latest activity

Aug 2019