MeeVee Adds More Cash
MeeVee, an online TV guide startup, has raised $3.5 million in Series D funding, as first reported by Private Equity Hub. The report was based on a regulatory filing that listed Bay Area Equity Fund, Defta Partners, FCPR Israel Discovery Fund, Labrador Ventures, Rothschild Ventures, and WaldenVC as backers of the company.
MeeVee CEO Michael Raneri confirmed the details of the round via email, explaining, “We needed a little more cash to complete an initiative that we are not ready to discuss quite yet.” MeeVee has now raised about $23.5 million in total funding.
This week MeeVee started to roll out a new portion of its site devoted to browsing and discovering video content, “kind of like Joost but without a download,” as Raneri described it in a recent interview.
The new video hub expands on the listings and prospective search functions the startup had previously offered for both television and online video. Burlingame, Calif.-based MeeVee offers paid content from Amazon Unbox based on Amazon’s (AMZN) recently unveiled widgets, and will soon offer CBS (CBS) shows as well.
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I think their name is somewhat unfortunate, it reminds me of Mediadefender’s Miivi. :)
Torgrim on September 20th, 2007 at 4:13 pm - Permalink
Oh don’t say that! People have a habit of messing up NewTeeVee with MeeVee too.
Liz Gannes on September 20th, 2007 at 8:22 pm - Permalink
[...] recently raised another $3.5 million of its own “just to get a little more breathing room” following the acquisition, [...]
MeeVee Buys Top 10 Sources for Relaunch « NewTeeVee on October 16th, 2007 at 3:00 am - Permalink
[...] last year laid off 20 percent of its staff before raising more money — $3.5 million in Series D funding — and buying Top 10 Sources. In its latest incarnation, the site had added community features [...]
MeeVee in Tatters, Drops Staff and CEO « NewTeeVee on March 3rd, 2008 at 4:01 pm - Permalink