Tellybean gets ready for the Future with New Apps and Fresh Funding

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.

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 platformsThe 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%.