Cloud TV Service Magine Raises $19M


Cloud-based TV operator Magine has closed a $19 million Series A round from a group of Swedish and international investors.

The funding will go towards the international rollout of the Magine platform, says the company. The first international launches will take place in Germany and Spain.  The company expects the service will be available to viewers in at least five further markets before the end of the year.

Magine is currently available in Sweden, where it hosts brands and channels such as Discovery, CNN International, BBC, Eurosport, National Geographic, and Nickelodeon, among others.

Magine is currently available on Apple devices and in Samsung smart TV’s. More TV platforms and Android tablets are on the way, says the company.

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