$46m · Other round · Media · Barcelona, Spain
Barcelona-based Titan OS has raised a $46m financing round combining equity from existing investors Highland Europe and Mangrove Capital Partners with a credit facility from funds and accounts managed by BlackRock. The company did not disclose the debt-equity split. The package brings total funding to $110m.
An independent TV operating system sells distribution
Titan OS builds software for smart-TV manufacturers and a connected advertising platform for brands and media owners. Its operating system brings subscription apps, free ad-supported channels, films, series and linear television into one home-screen experience, while manufacturers share in the advertising and content revenue their devices generate after sale.
That revenue-sharing model is the commercial wedge. Television makers can add a software and monetisation layer without building a full content platform, while advertisers gain access to audiences spread across several hardware brands. Titan OS says its technology is licensed by Philips, JVC, Vestel, Skyworth and Sharp and reaches millions of viewers across Europe and Latin America.
The model becomes stronger as each side grows: more devices attract more content and advertisers, while a broader service makes the operating system more valuable to manufacturers. It also creates execution dependencies. Titan must integrate local streaming services, manage privacy and measurement, and keep recommendations useful across markets where viewing rights and advertising rules differ.
Credit finances a capital-efficient expansion
The mixed round follows a $58m Series A announced in December 2025. Titan says it has increased revenue fifteenfold over three years and now employs more than 200 people. The new capital will support additional manufacturer partnerships, product development, advertising technology and expansion into new markets.
Using a credit facility alongside insider equity can limit dilution while financing working capital and international expansion, but the undisclosed split matters. Debt introduces fixed obligations, so growth must translate into dependable cash generation rather than device reach alone. For Titan, the key measure is whether its installed base produces repeat advertising demand and durable economics for manufacturers.
The company is positioning itself as a European alternative in a market led by US and Asian platforms. Independence can appeal to manufacturers and media groups that do not want their distribution controlled by a competing ecosystem. The financing gives Titan more room to extend that network, but the advantage will depend on sustaining enough scale in each country to keep viewers, content partners and advertisers active on the same platform.
