Barcelona’s Titan OS has secured €40 million in fresh capital to mount a serious challenge against American and Asian dominance in the smart TV operating system market. The financing arrives as the European company reports revenue growth of fifteenfold.
Highland Europe and Mangrove Capital Partners, both existing backers, joined the round. BlackRock contributed through a credit facility managed by its funds and accounts. The company now has €97 million in total funding after previously closing a €50 million Series A in December 2025.
Titan OS launched three years ago and already reaches millions of households. Hyoung-Ung Kim, the company’s CFO, said the new capital positions Titan to expand into fresh markets while maintaining financial strength. “Our goal is clear: to become a true global player, built from Barcelona, in a market currently dominated by US and Asian companies,” Kim stated.
The company builds a Linux-based operating system that television manufacturers can deploy instead of Android TV or Roku. Its pitch to brands like Philips, JVC, Vestel, Skyworth, Sharp, and AOC includes both customizable software and a revenue-sharing model. That arrangement lets hardware makers keep earning from ads and FAST channels long after a consumer buys the screen.
Laurence Garrett, general partner at Highland Europe, pointed to a distinctive flywheel effect. TV creators receive ongoing ad revenue, advertisers reach homes across multiple brands, and Titan acts as a partner rather than a walled garden. More brands attract more viewers, which in turn draws more advertisers.
Founder Jacinto Roca previously built Wuaki.tv before selling it to Rakuten. He launched Titan OS in 2023 alongside Timothy Edwards, Miquel Barba, and Tobias Pfalzgraff.
The European ad tech sector has seen considerable investment activity throughout 2026. Funding tracked across the region totals roughly €96.5 million, led by Sweden’s Funnel at €67.1 million. Titan’s round pushes that figure to €136.5 million.
The new capital will fuel product development, advertising technology improvements, and broader OEM partnerships. Europe’s independent alternative to Silicon Valley platforms now has the war chest to prove the model works globally.
