Toronto’s Wellington Financial, a privately held finance firm, has closed a $14 million growth financing for Dejero Labs, an innovator in cloud-managed solutions that simplify the transport of live video and real-time data across remote or mobile IP networks.
The funding will support Dejero’s endeavors in providing broadcasters, media organizations, and mobile production companies with instant, reliable access to their audiences. In combination with its range of portable IP news gathering equipment, Dejero says it enables reporters to accelerate the pace of news distribution for the digital era.
“Dejero shows incredible entrepreneurial ingenuity, and we are proud to support a Canadian company that has scaled its business to the point of being globally competitive,” said Mark Usher, Partner at Wellington Financial. “Dejero’s technology is indispensable to news teams internationally, and it will only gain further momentum as its capabilities expand beyond news reporting and into the ever-broadening world of live broadcast media and entertainment.”
Dejero counts almost every major network across North America as a customer, including ABC, CBS, Fox, NBC and Rogers Media.
“We are proud to be a key player bringing reliable connectivity solutions to broadcasters and media organizations as they broadcast and stream an increasing amount of live content from around the world,” said Brian Cram, CEO at Dejero. “With this $14 million, we will continue to create better, faster, and more innovative ways for broadcasters to reach their traditional and online audiences in real time.”
Dejero says its proprietary equipment is more cost-effective than microwave or satellite trucks that have traditionally been used for news gathering, faster to set up, and offers greater flexibility to broadcast live.
Wellington Financial is managed by a partnership controlled by a fund management Clairvest Group.