By Nancy Dahlberg
Streann Media created a SaaS platform that provides content providers with innovative distribution, engagement and monetization tools. Today, the Miami-based technology startup is announcing a $1.54 million venture investment to fuel its global expansion.
CEO Giovanni Punzo founded the company with CTO Antonio Calderón in 2014. In 2018, Streann Media generated record revenue in 2018 and recorded its strongest year yet for aquiring new B2B customers and platform users, Punzo said. Through its technology, Streann's enterprise customers can create their own next-generation digital networks to both engage their end users (including through gamification) while also monetizing in digital and all the while maintaining control of their content. Among its highlights, Streann’s platform streamed all 64 games of FIFA World Cup to three countries on mobile, web and Roku. It was also a pitch competition winner in the recent Unbound Miami conference.
“We have built a series of product features that are market first and it's time to let the world to know and buy them,” said Punzo (pictured below with Calderon). "We created Streann to rescue the broadcast industry and we are just getting started.”
The new funding, led by New World Angels, FAN Fund, Naples Technology Ventures and Tamiami Angels, will be used to make new sales and marketing hires, strengthen product features and expand its advertising offering, Punzo said. The funding round, which has not yet closed, will also aim to fuel Streann’s geographic growth beyond the U.S. and Latin America and into Asia.
“We believe Streann is addressing fundamental pain points in the industry and is now positioned to pursue rapid growth across its target markets,” Benjamin Patz, managing partner at the FAN Fund, said in the announcement.
Have news tips or feedback? Email me at firstname.lastname@example.org and follow me on Twitter @ndahlberg.