Nexting has secured a €2.06 million capital increase led by CDP Venture Capital and several other partners to enhance its OTT platform for sports content delivery, positioning itself for growth in the evolving broadcast industry.
Information on the Target
Nexting, a company founded in Naples, specializes in the broadcast and OTT (Over The Top) platform industry. Developed in-house, the proprietary platform aims to provide a showcase for various sports federations, facilitating broader dissemination of their content. With offices in Milan, Rome, London, and Madrid, Nexting emphasizes quality and innovative technology as central elements of its business mission, seeking to revolutionize the sports content market. Previously, in 2020, Nexting had received attention from CDP Venture Capital, which invested €200,000 through the 'Fondo Italia Venture II – Fondo Imprese Sud,' supporting the company in its early-stage development.
The company, led by CEO Antonio Palmieri, was established in late 2017 as an innovative startup focused on live broadcasting and audiovisual production for notable clients, including Sky Italia, Mediaset, RAI, and Dazn. Through strategic technological advancements and an emphasis on AI applications, Nexting stands out as an industry disruptor, creating platforms that enhance the production and distribution of sports content.
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Industry Overview in Italy
The sports broadcasting sector in Italy has witnessed significant evolution, driven by technological advances and changing consumer behaviors. As viewers increasingly shift towards on-demand content, OTT platforms have be
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Nexting
in 2024
in a Other deal
Disclosed details
Transaction Size: $2M