Spanish company Agile Content secures €7 million financing to expand OTT video service internationally

Agile Content, a Barcelona-based digital content provider, has collected a €7 million convertible bond from shareholders, including Spanish VC Inveready. The advertising platform offers a CMS, audience monetisation and other services to telecom and media companies. Its B2B2C line, Agile TV, is growing steadily; CEO Hernan Scapusio cites a 90 percent increase in quarterly revenue that will total €5 million for the year. So the Spanish company is preparing to expand this service internationally. To aid the expansion, the team will follow an “inorganic growth strategy,” making strategic acquisitions in local markets. Commenting on the need for financing in a moment of market volatility, Inveready partner Carlos Conti said: “The best and swiftest way to maintain the commercial traction was to perform the transaction amongst current shareholders who know the company well, and by using a financial instrument that benefited both the company and its shareholders such as the convertible bond.” Scapusio describes the Agile TV service as “innovative TV, which includes the very best global OTT content platform as well as video applications and linear channels as a part of their commercial offering.” Founded in 2007, the content company went public in November 2015.