Peer5 Raises $1M Seed

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We are excited to share today’s news from UpWest portfolio company Peer5 as they announce $1M in Seed financing, which will be used to disrupt the multi-billion content delivery market. You can read the full announcement here.

Co-founded by Hadar Weiss, CEO, and Shachar Zohar, CTO, Peer5 provides a hybrid platform that uses both HTTP and P2P mesh networks to optimize content delivery, increasing user engagement by making file transfers faster. The mesh network and P2P offloading system also reduces bandwidth usage.

Backers included Tapinator, Inc. (OTC: TAPM), Hillsven, FG Angels, UpWest, and many other angel investors including Google’s first network engineer and the co-founder of Quora.