LiveU secures majority investment from Francisco Partners to continue growth
Private equity firm Francisco Partners, together with co-investor IGP Capital, have acquired LiveU from its existing shareholders to accelerate the company’s global expansion. With support from its new investors, LiveU will continue the company’s growth momentum.
LiveU provides high quality live video solutions for TV, mobile, online and social media with its innovative portable devices and cloud services. With over 3,000 customers in 130+ countries, LiveU’s technology is the choice for broadcasters, sport organisations, news agencies, online and social media.
Samuel Wasserman, CEO and co-founder of LiveU, said, “We are delighted to have Francisco Partners, a firm with an established track record, as our new majority owner. This will allow us to focus on our long-term strategy and growth objectives, benefiting our customers, partners and employees. I would like to take this opportunity to thank our previous shareholders Canaan Partners, Viola Ventures, Pitango Venture Capital, and Lightspeed Venture Partners for their valued support along the way, and contribution to our success.”
“We are excited to be partnering with LiveU as the company enters the next chapter of its growth story,” said Eran Gorev, senior operating partner at Francisco Partners. “LiveU is already recognised as the industry leader, and we look forward to partnering with IGP Capital and LiveU’s management team to further enhance the company’s solutions, grow the customer base and advance its strategic goals.”