Release date: 1 August 2019
Promoter – Financial Intermediary
BITMOVIN GMBHLocation
Description
The project will support Bitmovin's investments in Austria. The company is an Austria based end-to-end video infrastructure provider delivering adaptive video experience through a software decoupled from hardware.
Objectives
The aim is to finance research, development and innovation (RDI) activities, working capital to scale up and build a distribution networks, well as marketing and sales expenditures in support of its market expansion.
Sector(s)
- Telecom - Information and communication
Proposed EIB finance (Approximate amount)
EUR 20 million
Total cost (Approximate amount)
EUR 44 million
Environmental aspects
The RDI activities take place in existing locations without environmental impacts and do not require any environmental authorisations.
Procurement
The Company is a private sector company not operating in the utilities sector and not having a status of a contracting authority. Thus, it is not covered by the EU Public Procurement Directives. Nevertheless, the procurement policies and the supply management characteristics as presented to the EIB are considered acceptable.
Status
Signed - 20/05/2019
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).