Today it was announced that Nuvyyo the parent company behind Tablo DVRs just received a $1 million CAD in new funding from BDC Capital’s Growth and Transition Capital
“Thanks to this injection of funds from BDC Capital, we are able to rapidly expand production of Tablo DUAL LITE OTA DVRs to fulfill recent orders from a top-tier consumer electronics retailer to supply 1000-plus stores in the U.S., as well as to continue R&D for the company’s next generation products,” says Grant Hall, CEO of Nuvyyo.
The transaction on BDC Capital’s side was led by Robert Shaw, Director, Growth and Transition Capital, Ottawa. “Nuvyyo’s deep and well-rounded management team has kept the company ahead of the curve in the fast-growing international cord cutting market,” says Shaw. “Their success in raising substantial VC funds early on provides convincing validation of the company’s capabilities and technology, and of the importance of the opportunity at hand.”
This is the first time Nuvyyo has received new funding since 2013 and comes a month after it was announced that Tablo DVRs will be receiving the ability to automatically skip commercials. Tablo DVR recently was named the best OTA DVR of 2018 by the readers of Cord Cutters News.
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