Simplestream offers a seamless live and on-demand streaming platform for video content delivery. The needs of the multi-device OTT world are often complex, yet Simplestream has forged a path to success with smart, simplified solutions.
With the broadcast and telco landscape changing at a rapid pace, Simplestream has ridden a wave of exciting growth and opportunity.
Founded in 2012, by Adam Smith and Dan Finch, this SaaS provider now employs 35 people and counting. Covering a diverse area of the market, Simplestream has pinpointed that further diversification of their client base is where the opportunity for future growth lies.
Back in 2018, when Simplestream first became a client of Fuse Capital, the business was undergoing an aggressive growth phase. They required a loan to support their high cash-burn which is common for technology companies going through this stage.
Having come back to Fuse Capital four years later and with an impressive valuation, they required a totally different deal structure to suit their new goals. Fortunately, the lending team understood how to integrate venture debt into their diverse cap structure with the right sized loan and a beneficial amortisation structure. The deal delivered needed to allow Simplestream the flexibility to spend their loan quickly and reap the rewards of a later repayment schedule.