Boxee landed a $16.5 million round of financing with...
Boxee landed a $16.5 million round of financing with new investors Pitango and Softbank, and participation by prior investors General Catalyst, Spark Capital and Union Square Ventures, it said Tuesday. The Internet TV software and hardware maker said Pitango’s Isaac…
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Hillel will join its board. Its last financing round, 18 months ago, was $6 million, “and at that time we were 12 employees, our software was in alpha and the Boxee Box was a dream,” CEO Avner Ronen said on the Boxee blog. Now it has 34 employees, the software is in version 1.0 and its Boxee Box is available in 34 countries, he said. The new funding will go toward adding to its development team, building new functionality, “continuing to squash bugs” in the software, adding new sources of content and signing up new device and distribution partners. Recent additions include Netflix and Vudu, while Iomega is working on a Boxee network-attached storage device and ViewSonic is working on a TV based on Boxee, Ronen said.