We are proud to announce CincyTech’s latest portfolio company investment: StreamSpot. StreamSpot enables simple, high quality live and on-demand streaming from churches, synagogues and events, has closed a round of seed financing. CincyTech and Connetic Ventures co-led the round, with participation from OCEAN Capital. The funding amount is undisclosed.
StreamSpot was founded by Brian and Laura Duerring. The couple met while working in television news, he in broadcast operations and she in new media. The idea for StreamSpot struck when the two were engaged and their pastor was late for a meeting with them.
“We developed StreamSpot to solve a problem for a single church in Milford, Ohio,” recounted Brian Duerring, co-founder and CEO of StreamSpot. “Our pastor was returning from a nursing home, where he’d been playing back his sermons on a tape recorder. While it was a radical idea at the time, we offered to outfit the church with live streaming capability for those who could not attend services, due to difficulty or distance. We knew the process had to be simple, with minimal action required by the church staff.”
Customers in more than 40 states and three countries now use StreamSpot’s all-inclusive solution to deliver high quality live and on-demand broadcasts. StreamSpot’s patent pending automation software differentiates itself from other streaming options, requiring no interaction to start or stop scheduled broadcasts or create an archive. StreamSpot provides everything needed to have a new customer streaming within minutes to any internet-connected device.
“Brian and Laura are a great team to capitalize on the streaming services market,” said Justin Thompson, principal at CincyTech. “They’ve already gained impressive traction.”
“We believe StreamSpot is poised to become a market leader, and potentially become a verb in our language,” said Brad Zapp, founder and CEO of Connetic Ventures.
StreamSpot is also receiving financing from OCEAN Capital, a group of investors backing the OCEAN accelerator, the nation’s first independent, faith-based accelerator.
“We are thrilled to be working with three incredible investors,” said Laura Duerring, president and co-founder of StreamSpot. “The funding will allow us to accelerate the innovation of new features for our proven product, and to enhance our sales and marketing efforts.”