Tellybean gets ready for the future with new apps and fresh funding

Tellybean expands its service to new platforms with a brand new iOS app. To support the global roll-out of its service Tellybean will close 0.4m€ in new equity from a crowdfunding campaign which is still open on www.invesdor.com/tellybean. 

Press release

Tellybean gets ready for the future with new apps and fresh funding

HELSINKI 11.4.2017: Tellybean expands its service to new platforms with a brand new iOS app. To support the global roll-out of its service Tellybean will close 0.4m€ in new equity from a crowdfunding campaign which is still open on www.invesdor.com/tellybean.

Tellybean's first iOS app is ready! It will be launched publicly after the App Store has approved it. This first version of the app will allow iOS users to have a call with other Tellybean users. Tellybean aims to expand the app's functionality so that an iPhone can be used as a "wireless webcam" for a Tellybean call on selected TVs.

Tellybean launched its video call service on the Android TV platform in 2015. In the beginning, Tellybean supported calls on selected set-top boxes and computers.

• In February 2016, Tellybean released the Tellybean Camera App, which turns an Android mobile device into a "wireless webcam" for a video call on TV

• The Camera App made Tellybean calls possible on Android TV SmartTVs, which lack webcam support

• In August 2016, while ramping up cooperation with Sony and Philips, Tellybean released an Android mobile app that made calls between Android TVs and mobile users

• In February this year, Tellybean announced that it has developed a second TV app that works on new Samsung and LG TVs

• Now the expansion to iOS takes Tellybean a big step closer to its strategic target of being available on all major platforms

  The roll-out of Tellybean's service is supported by new funding of some 400k€ raised through a crowdfunding campaign. So far 62 investors have made investments in the range of 750€-37k€ for a grand total of 397k€. The crowdfunding campaign closes tonight at 23.00 CET. For more information or to make an investment, please go to www.invesdor.com/tellybean

  "It has been a busy past few months for Tellybean. Developing on new platforms is always tricky, but I am extremely proud of our team. We are now making Tellybean calls on new TV platforms and on iOS devices", says Cami Hongell, CEO and Co- founder of Tellybean. "It also gives me great satisfaction to be able to close a successful investment round. I thank our shareholders for their continued support and welcome a fresh batch of shareholders on board."

  Tellybean has also submitted an application to Tekes, the Finnish Funding Agency for Innovation, regarding the forgiveness of the majority of its R&D loans. Tellybean has a total of 1.2m€ in R&D loans from mainly 2012-2013, when it was developing its own hardware. As Tellybean's business has moved on and today focuses on apps on the hardware of others, Tellybean believes that it's application has a good chance of being accepted. If Tellybean's application is accepted, it is expected to reduce Tellybean's R&D loans of 1.2m€ by 60-70%.

For more information:

TELLYBEAN
Cami Hongell
CEO & Co-founder

+358405056014

cami@tellybean.com

www.invesdor.com/tellybean

About Tellybean 

Tellybean is driven by a few simple but powerful observations: modern life separates families and technology usually makes video calling inaccessible to the whole family. To solve this problem, Tellybean delivers a life-sized video call experience that the whole family can enjoy. Tellybean’s service works on compatible Smart TVs and set- top boxes, on computers and on mobile phones and tablets. 

Tellybean was founded in 2011 and is based in Helsinki, Finland. Tellybean received recognition and awards as the Best Smart TV App at TV Connect 2016 in London and as the most innovative app in Philips’ Android TV app competition 2016. www.tellybean.com ​

About Invedor

Invesdor operates an online investment platform that connects ambitious European growth companies with investors worldwide. Invesdor has helped raise more than 15 million euros and hosted more than 60 successful equity crowdfunding campaigns. A financial technology (fintech) company founded in Finland in 2012, Invesdor is the Nordic market leader in equity crowdfunding measured in invested capital and revenue in 2015. Invesdor's clients include private and publicly traded companies from Finland, the UK, Norway and Denmark as well as investors from more than 50 countries. Invesdor has offices in London and Helsinki.