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Inuk Networks
Internet protocol television provider that supplies broadcast quality tv via the internet to closed ip-based networks
About Inuk Networks
Established in the United Kingdom in 2003, Inuk Networks developed a platform for distributing broadcast-quality television and carrier-class telephony over closed IP-based networks. The company operated in the broadcasting, radio, and television industry.
In June 2008, Inuk Networks secured $18.6 million in a Series A funding round. The investment came from two institutional investors, Wesley Clover and S4C.
The company's trajectory culminated in its acquisition by Move Networks on April 22, 2009, marking its exit from the market as an independent entity.
It is important to distinguish Inuk Networks from InukNET, a separate, more recent Canadian company. InukNET was founded in 2021 and operates as an internet service provider focused on Canada's Arctic region. This Inuit-owned enterprise is a joint venture between Panarctic Communications and Galaxy Broadband Communications, aiming to deliver high-speed internet to communities and businesses in areas like Nunavut.
Source: Dealroom company dataKnowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITION✓Exit | Apr 2009 | $0 | — | Move Networks | — |
| SERIES B✓Equity / VC | May 2008 | $19M | $74M | Wesley Clover · S4C Digital Media | — |
Growth signals
Latest recorded traffic for Inuk Networks is 210 monthly website visits. Inuk Networks's team grew 14.3% over the past year.
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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.
Seed1 investor entered at this stage
Wesley Clover
Series A1 investor entered at this stage
S4C Digital Media
Other known investors1 additional known investor
Move Networks
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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