Maker of Reach Engine Platform Secures Additional Investment from TVC Capital;
Grows customer base by 400%; Solution of Choice for Sundance Institute and Media Leaders
Denver, April 3, 2014 – Levels Beyond, the company behind the Reach Engine content inventory platform, today announced it has completed its Series A funding with an additional $2.5 million investment from TVC Capital.
This additional funding brings the total Series A round to $7 million. The entire investment came from TVC Capital, a San Diego-based growth equity firm focused on investments in and acquisitions of software and software-enabled service firms.
Levels Beyond’s Reach Engine software platform is a new era content inventory platform that eliminates the middlemen and streamlining creation through delivery processes for major media, brands and institutions with volumes of video, photos and all other content.
This week, Levels Beyond announced new customer relationships with the Sundance Institute, sponsors of the renowned Sundance Film Festival. Sundance joins a who’s who of media companies using Reach Engine, including a top broadcast network and MSO, and institutions like the University of Southern California’s Digital Repository.
“We are experiencing heightened interest in our platform as companies begin to regard their media not just as data files, but also as valuable inventory to be monetized,” said Art Raymond, CEO of Levels Beyond. “We are also seeing these same companies look to their future and understand that business models are changing rapidly to meet customer habits and they need to create technical infrastructures that allow them to evolve successfully.”
This additional financing will fuel Level Beyond’s continued sales growth and address specific opportunities with emerging channels and vertical markets. The company is focused on distinct market opportunities: leading media companies, major consumer brands, and public and private institutions with significant media assets.
“We are eager to stand shoulder-to-shoulder with Levels Beyond as they forge the forefront of the new age of media,” said Jeb Spencer, co-founder and managing partner of TVC Capital. “We anticipate this additional capital will continue to fuel their growth as they help clients navigate the challenges of servicing media consumption everywhere and all the time.”
About TVC Capital LLC
TVC Capital is a San Diego-based private equity firm focused on investments in and acquisitions of software companies and software-enabled service firms. TVC Capital targets a wide spectrum of software sectors and industry verticals that are poised for growth and consolidation. The TVC team is led by Jeb Spencer, Steven Hamerslag and Chris Noser, operating executives with more than 60 years of experience growing technology companies into market leaders. TVC Capital portfolio companies included Accordent Technologies and Del Mar Datatrac, and current investments include Limeade, Anametrix, Mercent Corporation and iQ for Business. For more information, visit www.tvccapital.com.
About Levels Beyond
Levels Beyond is the company behind the Reach Engine content inventory platform. Reach Engine turns passive digital content libraries into active inventory for global businesses. The Reach Engine platform delivers both short and long-form content to the devices and media that audiences are using and consuming, including emerging platforms that, until now, have had limited viewership. Reach Engine manages millions of digital video files every month. Founded in 2000, Levels Beyond is privately-held and headquartered in Denver.
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