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KIVI
An international company, developer and manufacturer of smart TVs and TV services
About KIVI
KIVI is an international company with Ukrainian origins that develops and manufactures smart TVs. It was founded in 2016 by a team of Ukrainian entrepreneurs, including Evgeniy Rudenko and Kirill Khilko, who identified a market gap for affordable, high-quality smart TVs. The company's head office is in Budapest, Hungary, with R&D departments in Europe and Asia. Production is handled by MTC, a major contract TV manufacturer based in Shenzhen, China. In February 2021, KIVI secured a $13 million investment from MTC to enhance product development and increase production capacity.
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The business operates in the consumer electronics market, focusing on the mid-budget smart TV segment. KIVI sells its products directly to consumers through online stores and electronics retailers across more than 20 countries in Europe and Asia. The company's revenue model is based on the sale of its smart TV hardware. A key milestone was achieved in 2020 when KIVI became a certified partner of Google and Netflix, allowing its TVs to run on the official Android TV operating system and providing users with access to a wide array of applications through the Google Play Store. By 2023, the company had sold over 1.5 million devices.
KIVI offers a range of smart TVs from 24 to 75 inches, featuring a minimalist, bezel-less design. The products run on the Android TV OS, providing functionalities like Google Assistant for voice control and Chromecast for content streaming from smartphones. The TVs are equipped with A+ grade panels and various image enhancement technologies, including HDR, MEMC for smooth motion, Super Contrast Control, and Ultra Clear for improved detail. In partnership with JVC Kenwood, KIVI developed an integrated speaker system enhanced with Dolby Audio Processing for calibrated sound. A proprietary application, KIVI MEDIA, is pre-installed, offering users access to free and paid content such as TV channels, workouts, and cloud gaming in partnership with Boosteroid. The company provides a three-year warranty for the display module on its devices.
Latest news
Press, funding announcements and product moves mentioning KIVI.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| EARLY VC✓Equity / VC | Feb 2021 | $13M | $52M | Shenzhen MTC Co | — |
Growth signals
Latest recorded traffic for KIVI is 16K monthly website visits, down 42.9% over the last three months. KIVI's team declined 16.3% over the past year.
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A1 investor entered at this stage
- SCShenzhen MTC Co
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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