Filmin, a pioneering VOD platform in Spain, has given entrance in its capital structure to Nazca Capital

Filmin, A pioneering VOD (video on demand) platform in Spain, has given entrance in its capital structure to Nazca Capital, a Spanish private equity firm focused on investing in the Spanish mid-market, that has acquired a majority stake in the company, replacing Metropolitan Filmexport and Vertigo Films. Filmin’s objective is to consolidate its positioning in Spain and Portugal, and to develop an international expansion of its specialized service offering quality films and series, mainly European, in order to take advantage of the boom in the VOD market, whose demand has been multiplied by 9 in the last 3 years.

Headquartered in Barcelona and founded in 2007, Filmin is a platform with a complementary positioning  as compared with the  large generalists, based on an offer mainly of films and series, novelties and classics, with a clear cultural vocation. This editorial approach allows Filmin to present an extensive catalogue of 15,000 contents, the largest in Europe by subscription. Filmin expect to close 2020 with a turnover of around € 15 million.

The project will continue to be led by Juan Carlos Tous, José Antonio de Luna and Jaume Ripoll, founding partners of Filmin, who have in-depth knowledge of the audio-visual sector and who maintain their position as shareholders of the company. Likewise, most of the original shareholders remain in the shareholding.

Nazca will provide Filmin with its experience in developing growth projects in companies, as well as its knowledge in subscription business models. Seaya, the Spanish leader in Venture Capital, has also joined the company’s shareholding and will add its technology knowledge as well as its experience in fast growing international expansion projects.

Juan Carlos Tous, Filmin’s Founder and CEO says “The arrival of Nazca and Seaya allows us to make Filmin’s internationalization dream come true. Their experience will be a key boost for the project, allowing us to consolidate our position at a time when the major players in the VOD platform market compete in a global market”.

Álvaro Mariátegui, Nazca Capital’s Co-Founder and co-CEO has commented “We are very excited about our involvement in the Filmin project, due to its growth potential, culture of innovation, unique and differentiated positioning and top management team. Our willingness is to maintain the editorial essence and identity of Filmin, with an offer focused on complementary content for film buffs”.