Tag Archives: investment

Nov 18

Posted by Jeremy

Posted in Clients

Client News: boxee.tv raises money to expand operations

I first met Avner and the boxee team back in ‘07, when a friend introduced me to them as a “digital living room” play. With over 10 years building those kinds of products for Sling Media and Mediabolic, I was almost immediately uninterested. When I actually got to see a demo of the boxee.tv platform in the Spring of 2008, it only took a few moments for me to realize how good their products were, and how big the opportunity would be. Today they announced they raised $4 million from two of the top VCs I know of (USV/Fred Wilson and Spark/Bijan Sabet), in one of the harshest investment climates we’ve seen in years. Yup, they’re on to something.

Per the boxee blog:

our goals for 2009:

  • grow out of our comfortable closed-alpha cocoon and launch a kick-ass beta
  • build even more functionality and content into boxee while making it easier to navigate
  • listen to user requests, ideas and frustrations (and improve the product accordingly)
  • work with team-xbmc, developers and partners to extend boxee beyond the confines of our limited resources
  • finish the year with ~ 1,000,000 users

Sounds like some good goals! We’re excited to be a part of the boxee team, and if you’ll be at CES 2009 please come by to see them in the fab booth they were given for winning the I-Stage competition! Guess we’re not the only ones who like em…

Coverage so far: