B
Blyk
Mobile media company that works with Operators to strengthen and monetize relationships with subscribers
About Blyk
Blyk was a pioneering ad-supported mobile virtual network operator (MVNO) that specifically targeted the youth demographic, aged 16 to 24. The company was established in Finland by co-founders Pekka Ala-Pietilä and Antti Öhrling. The founders' backgrounds were highly relevant to this venture; Ala-Pietilä is the former president of Nokia, bringing extensive telecommunications experience, while Öhrling was the ex-chairman and founder of the Contra advertising group, providing deep knowledge of the advertising industry.
The firm's business model was centered on providing its users with a monthly allowance of free text messages and voice minutes. In exchange for these free services, customers agreed to receive targeted advertising messages on their mobile phones, at a rate of up to six per day. This model effectively turned network capacity into a vehicle for advertising inventory, treating person-to-person communications as a new form of media. Revenue was generated by charging advertisers for sending text and MMS messages to a highly specific and engaged audience, with rates based on the message format. Blyk's advanced profiling technology enabled advertisers to target users based on detailed demographic and interest-based data gathered during the sign-up process.
Blyk launched its service in the United Kingdom in 2007, operating on Orange's network, and quickly surpassed its initial target of 100,000 subscribers within six months. The service was initially invitation-only to cultivate a high-quality audience for its advertising partners, which included major brands like Coca-Cola, NatWest, and MasterCard. Facing economic pressures, Blyk ceased its UK consumer operations in August 2009. The company then pivoted its business model to become a technology partner for established mobile operators, licensing its platform to companies like Orange in the UK, Vodafone in the Netherlands, and Aircel in India, allowing them to implement similar ad-supported services.
Source: Dealroom company dataKnowledge graph
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| LATE VC✓Equity / VC | Sep 2010 | $19M | $75M | Nexit Ventures | — |
| SERIES C✓Equity / VC | Nov 2008 | $44M | $176M | Undisclosed | — |
Growth signals
Latest recorded traffic for Blyk is 0 monthly website visits, down 100% over the last three months.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A2 investors entered at this stage
Series B and later1 investor entered at this stage
Nexit Ventures
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
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