Sky, a major European entertainment content company, has announced an increase in its investment footprint across the region with a $4 million investment in Israeli VC firm Remagine Ventures and a new office in Berlin. The team at the new office is expected to scout startups across Germany and the Nordics.
The newly launched Israeli VC firm Remagine Ventures focuses on early-stage technology startups working “within tech, entertainment, data, and commerce,” Sky stated in a press release. It’s managed by a former investor at ProSiebenSat1.Media Kevin Baxpehler and Eze Vidra, a former partner at Google Ventures Europe.
The office in Berlin will become Sky’s third startup-focused quarters; it started the expansion with a London office in 2012 and continued with another one in San Francisco in 2014. Over six years, the company invested in more than 20 startups, including Roku, 1Mainstream, Elemental, The Rights Xchange and Drone Racing League.
“Six years on from our first investment, we’re expanding our startup activity across Europe and Israel,” said Emma Lloyd, group director of business development and partnerships at Sky. “Spending time in both Berlin and Tel Aviv has left us hugely impressed with the energy, dynamism and talent of both tech scenes. This is an exciting new chapter for us and we can’t wait to get started and uncover new, innovative startups across the regions and beyond.”