Veebeam

Technology enterprise software vendor management video

Veebeam Limited is dedicated to bringing Internet video content to every TV. The company was created by the 2008 merger of Staccato Communications (San Diego, CA) and Artimi (Cambridge, UK), and has an office in Cambridge (UK). Veebeam Ltd. is privately held and venture backed by leading technology investors. The Veebeam team includes industry veterans with vast experience in bringing to market a wide array of consumer hardware - including wired and wireless Internet connectivity products. CEO Jerry Loraine has more than 20 years experience in the semiconductor and wireless communications industries in executive and senior management roles.

Revenue(FY, 2012)

£629.9 K

Total Funding

$6 M

Type

Private

Cambridge, GB

Size (employees)

3 (est)

Website

veebeam.com

Veebeam is headquartered in Cambridge, GB

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Key People/Management at Veebeam

Max Bautin

Investor

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Veebeam Office Locations

Veebeam has an office in Cambridge

Cambridge, GB (HQ)

Betjeman House

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Veebeam Financials and Metrics

Summary Metrics

Total Funding	$6 m
Latest funding size	$6 m
Time since last funding	8 years ago
Investors	Amadeus Capital Partners, Bay Partners, Formative Ventures, Khosla Ventures, Intel Capital, Oak Investment Partners

Veebeam's latest funding round in October 2010 was reported to be $6 m. In total, Veebeam has raised $6 m

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Veebeam Financials

Veebeam's revenue was reported to be £629.85 k in FY, 2012 which is a 359% increase from the previous period.

Summary

GBP
Revenue (FY, 2012)	629.9 k
Revenue growth (FY, 2011 - FY, 2012), %	359%
Gross profit (FY, 2012)	389.1 k
Gross profit margin (FY, 2012), %	61.8%
Net income (FY, 2012)	(120 k)
EBIT (FY, 2012)	(147.6 k)
Cash (31-Dec-2012)	250.9 k

Income Statement

GBP	FY, 2007	FY, 2008	FY, 2009	FY, 2010	FY, 2011	FY, 2012
Revenue	8.7 k	122.8 k	660	20.2 k	137.2 k	629.9 k
Revenue growth, %					578%	359%
Cost of goods sold	7.1 k	110.3 k	324	17.4 k	258 k	240.8 k
Gross profit	1.6 k	12.5 k	336	2.8 k	(120.8 k)	389.1 k

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Balance Sheet

GBP	FY, 2003	FY, 2004	FY, 2005	FY, 2006	FY, 2007	FY, 2008	FY, 2009	FY, 2010	FY, 2011	FY, 2012
Cash	264.8 k	45.3 k	222.8 k	137 k	427.8 k	2.1 m	516.1 k	275.8 k	87 k	250.9 k
Accounts Receivable						28.2 k		3.2 k	1.6 k	131.2 k
Inventories								143.8 k	31.9 k	31.3 k
Current Assets	354.7 k	3.4 m	2.8 m	9.6 m	7 m	4.2 m	1.7 m	825.8 k	353.1 k	493.5 k

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Cash Flow

GBP	FY, 2003	FY, 2004	FY, 2005	FY, 2006	FY, 2007	FY, 2008	FY, 2009	FY, 2010	FY, 2011	FY, 2012
Net Income	(344.2 k)	(1.2 m)	(2.9 m)	(5.6 m)	(7.7 m)	(7.1 m)	(2.2 m)	(1.6 m)	(1.2 m)	(120 k)
Cash From Operating Activities				(7.4 m)	(6.9 m)	(7.7 m)	(2.7 m)	(988.5 k)	(530 k)	(3.1 k)
Cash From Financing Activities				12.4 m	4.6 m	3.8 m
Net Change in Cash				(85.8 k)	290.8 k	1.7 m	(1.6 m)	(240.3 k)	(188.9 k)	164 k