Bhaalu Raises S$10 Million

Right Brain Interface nv, the software company behind bhaalu, a new and intuitive TV viewing experience, is working to develop and commercialize a unique video recorder product. A team of top Flemmish investors in Belgium consisting of LRM, PMV, Capricorn Venture Partners, Diepensteyn and Pamica, have joined together to invest EUR 6 million ($7.9m USD / S$10m SGD) of new round capital into Right Brain Interface nv.

The capital increase of EUR 6 million was subscribed by LRM (the Limburg Investment Company) through its ARKIV daughter KMOFIN 2, PMV (PMV), the Capricorn ICT Arkiv, managed by Capricorn Venture Partners (Leuven venture capital provider), Diepensteyn (the holding the family shareholders of Palm Breweries) and Pamica (the investment vehicle of Michel Akkermans, ex FICS and current Clear2Pay CEO and chairman). Other participants of this new round of funding consist of employees, friends and family.

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Photo: Mr. Bart Van Coppenolle and Mr. Philip Vandormael

Both RBI (Right Brain Interface) founders, Mr. Bart Van Coppenolle and Mr. Philip Vandormael, also took part in this latest round of investment funding. The two are former executives of Metris and current executive management of Holy Brain, the investment vehicle for RBI.

“After welcoming 500 private beta testers and consumer electronics customers last month, I am very pleased with the amount of support we have received from fellow entrepreneurs and the innovation-loving Flemish society.” – Bart Van Coppenolle, CEO, Right Brain Interface

“The innovative business model of Right Brain Interface’s bhaalu is consumer-centric, but also provides opportunities for the established players in the media landscape with robust IP portfolios. This factor was crucial for our investment. We also appreciate the user-friendly interface of bhaalu ,providing its customers an intuitive way to navigate through a large amount of video data.” – Katrin Geyskens, ICT partner Capricorn Venture Partners

“It is our mission to invest in innovative consumer driven projects with international potential. Our enterprising abilities at Diepensteyn allowed us to enthusiastically participate in this round of financing. The baahlu project from Right Brain is promising, as it guides the consumer in their desire to easily discover new things while immersing them into an experience their personal interests.” – Jan Toye, Managing Director Diepensteyn

Further development & commercialization of bhaalu

The capital raised will be invested in product development and commercialization of Right Brain Interface’s first product, bhaalu. Bhaalu is a unique video recorder that allows viewers to experience the full extent of their scheduled TV programs by recording and being able to watch all of the TV channels they lawfully have access to view. Consumers will be able to choose where and when they want to watch their recorded programs, whether they wish to view on their home television, on a laptop computer or mobile device. Bhaalu consists of an intuitive TV interface, which makes it easy to find TV content, creating a personal TV universe for consumers.

To test drive or purchase a box bhaalu, you can simply register on the website at www.bhaalu.be for Belgiu and www.bhaalu.nl for the Netherlands. Bhaalu will also soon be rolling out in Germany, New York, USA and Singapore where interested parties can participate in the pre-launch program.

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