Sky expands start-up footprint across Europe, Israel | Media Investment | Business
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Pay-TV giant Sky has revealed plans to increase the reach and scale of its start-up investment with the opening of a new office in Berlin as well as a $4 million commitment to Israeli venture capital fund, Remagine Ventures.

reimagine sky 3spe2018As the company shows that it is not all about multi-billion M&As, Sky’s move is the latest in a strategy to accelerate innovation, identify growth and achieve cost efficiencies through the adoption of new operating models. Having first established its start-up focused team out of London in 2012, Sky subsequently opened a San Francisco office in 2014 and has invested in over 20 companies over the period across the US, UK and France. These include investments in Roku, 1Mainstream, Elemental, The Rights Xchange and Drone Racing League.

Sky believes that its new Berlin office will give it a local presence in the city’s growing start-up ecosystem, enabling it to better build relationships with investors in the region and to find what it hopes will be the most promising entrepreneurs to invest in and partner with. In addition to scouting for companies in the local country, the Berlin-based team will also have the remit to look at the Nordic region.

For its part, Remagine Ventures will be focussing specifically on technology start-ups within tech, entertainment, data and commerce. A newly launched fund based in Tel Aviv, Remagine managed by former ProSiebenSat1.Media investor Kevin Baxpehler, and Eze Vidra, a former partner at Google Ventures Europe. The VC fund Partnering with Remagine will give Sky more access into Israel’s dynamic and fast-growing tech sector which is said to include a strong pool of talent in computer vision and machine learning, the latter with which Sky has begun to deploy.

“Six years on from our first investment, we’re expanding our start-up activity across Europe and Israel,” commented Sky Group director of business development and partnerships Emma Lloyd. “Spending time in both Berlin and Tel Aviv has left us hugely impressed with the energy, dynamism and talent of both tech scenes. This is an exciting new chapter for us and we can’t wait to get started and uncover new, innovative start-ups across the regions and beyond.”