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October 03, 2007
Balderton Takes Stake In Top Up TV
Top Up TV has raised an undisclosed amount of VC funding from Balderton Capital. Top Up TV sells additional channels and services to Freeview customers on top of the 30 Freeview channels. The company was founded in 2003, and is led by Nick Markham, CEO, who came from ITV.
But it has been a turbulent ride. The company was founded by two former BSkyB executives, David Chance and Ian West. It was also 20% owned by Five which took a stake in 2005. Then it gets a bit murky. We understand the owner of Access Industries Len Blavatnik purchased a 70% stake in January 2007. Then Top Up TV restructured which saw the original company washed out and the founders are no longer part of management.
The cost of Top Up TV is£99.99 for the box plus £9.99 a month.
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Posted on October 3, 2007 03:25 PM | Posted to Broadband Services | Permalink
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