FOR IMMEDIATE RELEASE
Vistara Capital Partners Announces Growth Capital Investment in You.i TV
Participates in US$12 Million Growth Equity Financing Led by Time Warner Investments
VANCOUVER, BC — (September 13, 2016) – Vistara Capital Partners (“Vistara”) is very pleased to announce its participation in the recently closed US$12 million Series B equity financing for You.i TV. Based in Ottawa, ON, You.i TV has developed an industry leading platform that powers the design, development, and delivery of immersive user interfaces for video applications across multiple devices.
The financing round was led by Time Warner Investments, the strategic investment arm of Time Warner Inc. (NYSE: TWX) whose numerous properties include those under the Turner brand which have also begun to standardize their application development on the You.i Engine platform. The financing round also included existing investor, Kayne Anderson Capital Advisors LP.
“Vistara Capital is honored to invest in You.i TV”, said Randy Garg, Managing Partner, who also joined as an Observer on the You.i TV Board. “We look forward to continuing to work closely with the company, and their esteemed investor group, as they look to capture a dominant market position in an industry where direct to consumer content delivery continues to increase in its importance to the world’s leading media companies”
For further details, please also see: www.youi.tv/news/time-warner-funding/
About Vistara Capital Partners
Vistara Capital Partners provides highly flexible Growth Debt & Growth Equity financing solutions to mid-later stage Technology companies across North America. Vistara’s typical investment size ranges from $3 million to $10 million per portfolio company. Managed and funded by seasoned technology finance and operating executives, “Vistara” (sanskrit for “Expansion”) is focused on enabling the growth and expansion of companies it partners with. For more information, please visit www.vistaracapital.com