TimePlay raises $8 million in Series A funding
Mobile interactive company will use funds to continue expansion into the U.S.
TORONTO – August 25, 2017 – TimePlay — the world leader in multi-player interactive experiences — announces that it has closed its first tranche of series A financing, raising C$8 million from accredited investors, with Cranson Capital Securities acting as agent. TimePlay currently leverages its relationship with Cineplex – one of Canada’s leading entertainment and media companies – and operates on over 725 screens at its theatres across the country to enhance and improve the guest experience of its Pre Show. TimePlay will be using a portion of the funds to expand its cinema business in the U.S. and worldwide as well as pursue new verticals. TimePlay recently signed an agreement with Screenvision Media, a leading cinema media company in the US.
TimePlay’s platform allows consumers to interact with the big screen in real-time using their smartphones. It delivers engaging two-way interactive content and partner rewards to consumers.
“What we have here is a groundbreaking technology that the world deserves to know about and this new round of funding will allow us to continue to do that,” said Jon Hussman, President and CEO of TimePlay. “We’ve had a very positive response from moviegoers who love the fact that they can actively engage with brands and play along on the big screen while waiting for their movie to start.”
To date, TimePlay has deployed its proprietary technology on over 1000 screens in North America and TimePlay executions have been presented on-screen for many top-tier brands including McDonald’s, Ford, Samsung and Revlon.
“TimePlay campaigns have resulted in strong engagement compared to traditional advertising campaigns,” added Hussman. “Closing this last round will allow us to seek additional partnerships and continue to bring best in class interactivity to venues and consumers across the U.S.”
The app is available as a free download for iOS via the app store and Android via Google Play. For more information about TimePlay, please visit TimePlay.com.
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About TimePlay Inc.
TimePlay is a world leader in the multi-player interactive industry. The TimePlay platform allows moviegoers to use their smartphones and tablets to interact with and control outcomes on the big screen in real time, while providing a targeted portal for offer delivery, e-commerce and social networking. The globally patented technology enables exhibitors, advertisers, studios and other partners to entertain, inform, and engage directly with moviegoers before or after a show. TimePlay’s two-way interactive platform drives high participation levels and is delivering significantly elevated engagement and activation for its partners compared with traditional media campaigns.
TimePlay is currently deployed at several exhibitors including Cineplex Inc., Emagine Theatres and Bow Tie Cinemas and has a partnership with Screenvision Media. Many brands have created interactive TimePlay ads including McDonald’s, Mazda, Samsung, Revlon, Shell and Heineken. TimePlay has offices in Los Angeles and Toronto. Please visit us at www.timeplay.com and follow us @TimePlayEnt.
About Cranson Capital
Cranson Capital is a boutique investment banking firm which focuses on providing financial and advisory services to small to medium sized growth businesses. The business consists of two divisions; Cranson Capital Securities and Cranson Capital Solutions, both of which offer unique services to support investors and entrepreneurs. Cranson Capital Securities is an Exempt Market Dealer that specializes in raising capital through private placements in real estate, growth companies and financial services. Cranson Capital Solutions is a corporate finance advisory firm which focuses on finding the right financing solutions for entrepreneurs. For more information visit: www.cransoncapital.com
This press release contains “forward-looking statements”, including statements regarding TimePlay’s Series A offering, the associated use of proceeds and Timeplay’s expansion goals. All forward-looking statements are based on current beliefs as well as various assumptions. By their very nature, forward-looking statements involve inherent risks and uncertainties. Readers should not rely on these forward-looking statements as a number of important factors could cause the actual outcomes to differ materially. TimePlay does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by TimePlay except as may be required by law. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities of TimePlay.
Account Manager, RNMKR