Mic raises US$21m for video expansion

Millennial-focused web publisher Mic has raised US$21 million in Series C funding, to help expand its video output. Mic said will use the cash to “aggressively expand” its premium video offerings for live and subscription video-on-demand, as well as to grow its new channel brands. The funding round was led by Lightspeed Venture Partners, with […]

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

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”. […]

Starz Play Arabia raises funding to expand service

Starz Play Arabia has raised a “multi-million dollar” funding round, which it plans to use to expand its services and partnerships. Existing investors including SEQ Capital Partners, and new investors including Delta Partners Capital, led the funding in the Middle East and North African streaming service. Starz said that Starz Play has achieved double–digit month-on-month […]

A+E Networks leads £5m funding in TVPlayer

US channel operator A+E Networks has led a £5 million (€5.7 million) funding round in UK live streaming TV platform, TVPlayer. TVPlayer, an over-the-top service that lets viewers stream live TV to a range of devices, said it will use the funds to further develop the content offering and expand distribution of the service in […]

Roku raises US$25 million

Internet streaming set-top box maker Roku has raised US$25 million in funding, according to a filing with the Securities and Exchange Commission. The filing, dated yesterday, does not disclose the investor or investors, though the funding comes after BSkyB said earlier this month that it had made a further US$0.7 million investment in Roku. At […]

TV ratings startup TVbeat raises US$2 million

London-based TV ratings startup Iptvbeat has raised US$2 million (€1.45 million) in funding and changed its name to TVbeat.  UK-based, early-stage venture capital investor, Episode 1, and Czech Republic-based investor Credo Ventures backed the firm. TVbeat founder Robert Farazin said “these funds will allow the company to expand its presence in new markets and further […]

Aereo raises US$34 million in funding

US online TV service Aereo has raised US$34 million (€25 million) in new funding as it sets its sights on “rapid nationwide expansion”. The firm said it would also use the Series C round to invest in hiring and technology, predicting a “blockbuster year” in 2014 after experiencing “tremendous growth” in 2013. “Aereo has scaled […]

Machinima CEO DeBevoise to step down

The CEO and co-founder of online video network Machinima is due to step down, according to reports.  All Things D reported that Allen DeBevoise, who helped launch the YouTube-based network back in 2005, will stay on as chairman but is looking to hire someone to take over the day-to-day running of the business. The report […]