Joost
Company

Last deal

$45M

Amount

Series A

Stage

09.05.2007

Date

1

all rounds

$45M

Total amount

date founded

Financing round

General

About Company
Joost is a P2P on-demand video player that offers professional programming much like on your television, but whenever you want.

Industry

Sector :

Subsector :

founded date

01.10.2006

Number of employees

Company Type

For Profit

Last funding type

Series A

IPO status

Private

Description

Joost is a web-based TV service that uses peer-to-peer technology to distribute content, offering professional programming with video advertisements interspersed between and during programs. The service has content deals with media giants such as CBS and Viacom, and has developed a new Widget API open to third parties to make their own Joost widgets. Joost's peer-to-peer technology lowers the cost of channel owners by reducing the amount of data the servers must stream out. The company is in talks with hardware manufacturers to embed its platform into TV set-top boxes, which could change the TV industry substantially. Joost now streams its entire catalog via Adobe's Flash Player, which is available for Windows, Mac OS X, and Linux.
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M&A Details
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Acquired by

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announced date

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Financials

Funding Rounds
1
1

Number of Funding Rounds

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Money Raised

Their latest funding was raised on 09.05.2007. Their latest investor Index Ventures. Their latest round Series A

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People

Founders
3
Niklas Zennström
Niklas Zennström

Niklas Zennström

Niklas Zennström is CEO and Founding Partner at Atomico. He works daily with founders and sits on the boards of Farmdrop, Lilium, Pipedrive, Oden Technologies and Varjo. Niklas is an experienced technology investor and entrepreneur, having previously co-founded and managed globally successful technology companies including Skype, Kazaa and Joltid. Niklas founded Atomico in 2006. He is passionate about partnering about founders solving big challenges facing their planet with digital technology. In 2007, he co-founded Zennström Philanthropies with his wife, Catherine. They focus their efforts in two areas: human rights and the environment. Niklas also founded the Race for the Baltic, a foundation for a well-managed and sustainable Baltic Sea, one of the most threatened major bodies of water in the world. Niklas is a keen yachtsman and has won four World Championships with his yacht racing team, Rán. Niklas holds dual degrees in Business and MSc Engineering Physics/Computer Science from Uppsala University in Sweden, and he spent his final year at the University of Michigan.

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organization founded

5

Niklas Zennström

Janus Friis
Janus Friis

Janus Friis

Janus Friis is the Chief Consultant at Copenhagen University College and UCC University College. He previously worked as an Examiner - The Diploma in Management at the Censorship Presidency, a Board member at the Kesera think tank, and Co-Founder of Joost. Janus attended CBS Executive Fonden.

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Henrik Werdelin
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Henrik Werdelin

Henrik Werdelin is the Founder of BARK, America’s fasted growing pet company as well as Managing Partner of Prehype, a venture development firm headquartered in New York with offices in Copenhagen and London. Prehype co-create new ventures and incubation programs with VCs and corporations ranging from NewsCorp over Danone to GE and Mondelez – as well as launching successful venture-backed startups like BarkBox, AndCo, Roman and ManagedByQ. Henrik has for the past 15 years been involved in a range of successful startups and corporate incubations as either founder, investor or advisor; including HotPotato (now by Facebook), GoTryItOn (now Rent the Runway), NewSmart (incubated with NewsCorp), ReadMill (now DropBox), Betabox (incubated with Mondelez) and Sunrise (now Microsoft). Prior Werdelin was the Entrepreneur in Residence with Index Ventures and running product development for MTV International where he spearheaded the development of many of MTV’s award-winning innovative digital products. He is a frequent speaker at top-tier business schools and industry forums and has been quoted in numerous publications and media outlets on subjects such as corporate innovation, product design and entrepreneurship. He is Danish but lives in the US, where he was named amongst the Top 100 most Creative by Fast Company and Silicon Alley Insider’s ‘100 People in Tech’.

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Employee Profiles
22
Henrik Werdelin

Henrik Werdelin

Founder

Ralph Acosta

Ralph Acosta

Chief Rescue Officer

Niklas Zennström

Niklas Zennström

Co-Founder

Dirk-Willem van Gulik

CTO

Janus Friis

Janus Friis

Co-founder

Activity

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