Titan OS raises $58 million from Highland Europe for its smart TV OS [TechCrunch]
RAKUTEN GROUP INC S/ADR (RKUNY)
NASDAQ:AMEX Investor Relations:
global.rakuten.com/corp/investors
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Source: TechCrunch
The best way for them to recover the money is by striking partnerships with channels, streaming services, and advertisers. This is the core thesis around Barcelona-based Titan OS , which provides a smart TV operating system to TV makers with a promise to get better lifetime value out of the customer. The company said today it has raised €50 million ($58 million) in Series A funding, led by Highland Europe, with participation from Mangrove Capital Partners. The company didn't specify how much money it has raised to date, but said that its seed round, raised in 2023, was in double-digit millions. The startup was founded in 2023 by Jacinto Roca, Timothy Edwards, Miquel Barba, and Tobias Pfalzgraff. Roca previously founded a streaming startup called Wukai.tv and sold it to Rakuten. Other co-founders have also held various roles at Rakuten. Jacinto Roca Image Credits: Titan OS Titan OS now serves 18 million users, largely across Europe and Latin America, via partnerships with Phi
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