DUBLIN, IRELAND, Global online music video channel announced today its first institutional funding from Polaris Venture Partners, Lerer Ventures and Greycroft Partners.
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BalconyTV-Music With A View announced today its first institutional funding from Polaris Venture Partners, Lerer Ventures and Greycroft Partners. Former MTV Networks CEO Judy McGrath will also join the global online music video channel in an advisory role.
BalconyTV was founded by three Dublin friends who began filming daily performances of new and up-and-coming artists from their apartment balcony. The concept soon caught on and today BalconyTV is produced in over 30 cities around the world and has more than 7,000 videos archived that have been viewed over 30 million times. Artists that have performed on BalconyTV include international chart toppers Mumford and Sons, The Script and Jessie J.
Last year, BalconyTV was one of 10 companies that pitched at the Copenhagen Demo-Day of Startup Bootcamp - the European affiliate of Techstars. "BalconyTV stood out on several fronts," said Noel Ruane, Venture Partner at Polaris. "Here is a concept that is not only unique, but already has a very real footprint around the world and is growing completely organically. I'm delighted that Stephen and the team accepted our invitation to move to @dogpatchlabs Europe."
"BalconyTV represents the future of video music discovery on a global basis," said Peter Flint, Partner at Polaris Venture Partners who has extensive experience in traditional and digital media. "Nowhere else on the web-and soon to be mobile-can consumers find such international music diversity."
"Being a music fan, I love how BalconyTV has grown in such an underground way," said Judy McGrath, former Chair and CEO of MTV Networks. "I'm excited to see how far they can go."
About the investment Stephen O'Regan, Co-Founder and CEO of BalconyTV says, "Up until now, we've had the passion of our producers, and the love of the artists who have performed. But not unlike busking on the streets, it's been all hustle. I've always felt that emerging bands deserved a truly independent, engaging and most importantly artist-centric platform to showcase their talent to the world. BalconyTV does that. It's resonated with artists from Sydney to LA to New York to Seoul. Since joining @dogpatchlabs Europe, we've added more cities. Now with our new support band - Polaris, Lerer, Judy and Greycroft - we're aiming to play to many more fans around the world."
BalconyTV was founded by Stephen O'Regan, Tom Millett and Pauline Freeman. Early angel investment came from Conor Stanley with follow-on support from Startup Bootcamp Copenhagen. BalconyTV provides local artists a platform to promote their talent on an internationally recognized network. A former participant of Startup Bootcamp Copenhagen and a current @dogpatchlabs Europe company, BalconyTV is now produced in more than 30 cities around the world and has over 7,000 archived videos that have been viewed over 30 million times. http://balconytv.com/
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