Tamiami Angel Fund II invests in Streann Media

A fast-growing startup in Miami, Florida, Streann Media offers Next Generation streaming and over-the-top (OTT) transformational software for content providers.

Miami, FL(05 May 2016)

The Tamiami Angel Fund II (T2) recently announced an investment in its 10th portfolio company – Streann Media. 

A fast-growing startup in Miami, Florida, Streann Media offers Next Generation streaming and over-the-top (OTT) transformational software for content providers.

“TV, video, and audio are a necessity, but how we consume them is ever-changing,” said Streann Media Chief Executive Officer Giovanni Punzo. “While the market for traditional TV platforms is shrinking, demand for OTT-TV is growing exponentially. The millennial generation wants TV on its tablets, smart TVs and smart phones. Consumers want TV everywhere, and they’re cutting the cord from traditional cable operators that continue to offer the same entertainment without new interactive or innovative development.”

Streann Media offers cloud-based, easy-to-integrate solutions that enable content providers, cable operators, mobile operators and TV/radio broadcasters to offer their viewers a “TV everywhere experience” on any smart device. 

With nearly 64 percent of customers based in Latin America, Streann Media will focus T2’s investment funds in expanding its services into the U.S. and European markets; developing new product features for its video OTT-TV advertising platform; and increasing support staff to manage the growing customer base. 

“There is a transformation happening in the content market. It’s no longer enough to provide services on demand; we now need to migrate to a platform that gives consumers social interactive features, such as live tweets and virtual reality applications,” said Punzo. “For our B2B customers, our social interactive solutions are integrated with our advertising management platforms, giving them a way to monetize their content.”

As part of Streann Media’s focus on social media integration, the company recently showcased its live streaming virtual reality solutions with Oculus (a Facebook company) at this year’s Las Vegas NAB Show – the world’s largest annual conference and expo for professionals who create, manage, and distribute entertainment across all platforms. 

“Our technology helps engage audiences; we integrate content with social media allowing for better interactivity. Our virtual reality solution allows experiences, such as live concerts, to be streamed through our smart phone applications and viewed through Oculus headsets. We also showcased another Streann market first – our next generation OTT-TV content management system integrated with our advertising platform created to help our customers develop revenue streams from their content.” 

The recent venture continues T2’s commitment to investing in high-potential, accelerated growth companies. Its members include former executives of major national and global corporations and successful entrepreneurs that have exited their businesses.

“T2 sees Streann Media as a disruptive technology based business that will participate in the democratization of streaming video. Content providers, social media influencers and personality brands can launch their own TV channel utilizing Streann Media without ever needing to negotiate a contract with Comcast,” said Timothy J. Cartwright, chairman of T2. “The team has tremendous relationships and a full sales pipeline in Latin and South America, which provides T2 geographic diversification we don’t typically get with a U.S.-based startup.”

To learn more about Streann Media, visit www.streann.com. 

Tamiami Angel Fund I & II LLC are member-managed funds designed to enable private accredited investors to actively participate in a disciplined investment process. The funds invest in promising early-stage through expansion-stage commercial ventures located in the U.S., with a preference to those in the state of Florida. The Funds are members of the Angel Capital Association and the Florida Venture Forum. For more information, visit www.tamiamiangels.com.