Sky wants to increase its investment in startups in Europe and the Middle East with a $ 4 million commitment to the Israeli venture capital fund Remagine Ventures and the launch of a new German office.
The European TV giant is opening an office in Berlin to invest in a large number of starting and starting content and technology companies in Europe, particularly in Germany and the Scandinavian countries.
It also invests $ 4M in Remagine Ventures, a recently launched fund in Tel Aviv, managed by former ProSiebenSat1.Media investor Kevin Baxpehler and former partner of Google Ventures Europe Eze Vidra. The VC fund will focus on technology startups in technology, entertainment, data and commerce, and Sky's investment will provide access to Israel's start-up scene.
Sky has been investing in start-ups since 2012 and opened an office in Silicon Valley in 2014. It has invested in more than 20 companies, including Roku, 1Mainstream, Elemental, The Rights Xchange and Drone Racing League.
Emma Lloyd, Group Director Business Development and Partnerships at Sky said: "Six years after our first investment, we are expanding our start-up activities in Europe and Israel, and by spending time in both Berlin and Tel Aviv we are greatly impressed by the energy, dynamism and the talent of both technical scenes.This is an exciting new chapter for us and we can not wait to get started and discover new, innovative startups in the region and beyond. "
Carsten Schmidt, CEO of Sky Deutschland, added: "I am delighted to expand Sky's business with the creation of a new Berlin base for our venture business, and I am impressed by the power of technical talent. in Berlin and the ever-growing group of start-ups bringing new and innovative ideas to the German market and beyond, I look forward to partnering with start-up companies by setting up our office in Berlin this year. "