Described as a mix between MTV and Pandora, Tape.tv has just raised $6.2m in Series B funding. Launched initially in Germany, it is also live in Switzerland and Austria, attracting 3.5m users to view its catalogue of 45,000 videos. It plans to use the investment to expand internationally, with the UK and France being top of the list. It will also look to localise stations as well as create genre-specific channels. The company claims it is generating €20m a year in revenue.
`Pandora of videos’ Tape.tv raises $6.2m in new funding
