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Report: Roku in talks over US$200m funding round

Roku 4

Roku 4 box

Roku is reportedly in advanced talks about raising US$200 million in a new funding round that would carry a valuation of roughly US$1.5 billion.

According to Fortune, which cites sources familiar with the matter, the round will be led by US-based investors and could exceed US$200m as it may include “secondary sales by existing investors”.

The privately-owned, streaming device firm has reportedly raised some US$210 million to date, including US$45 million last year, which was revealed in a filing with the US Securities and Exchange Commission (SEC).

Roku also raised US$25 million in 2014, and the US company counts 21st Century Fox and European pay TV operator Sky among its investors.

The company has not commented on reports of the new funding round.

Tags: funding, Roku