Polystream, the Brighton-based game streaming startup, has raised $1.5m seed-stage funding in a round led by London Ventures Partners and Initial Capital. The company will use the funding to launch a a HD streaming solution for games and 3D applications.
“We are transforming the world of ordinary linear video into an extraordinary interactive experience”, says Polystream CEO Bruce Gove, “completely redefining both the technology and the business of application streaming.
“Having the backing and support of London Venture Partners and Initial Capital shows huge confidence in what we’re achieving, and we’re incredibly excited to be working with these great partners.”
This is Polystream’s second equity fundraising, after a £100k investment in February last year. David Lau-Kee, general partner at London Venture Partners praised the company’s progress over the last year:
“Polystream’s progress has been exceptional, and we’re more convinced than ever that they have the tech and team to deliver app cloud streaming that actually works, economically and in UltraHD quality. What they are delivering is transformative, and so of course we’re going to double-down.”