Boxee Goes Hunting for Big Bucks

Boxee, which makes software that makes it easy to watch Web video on your TV, celebrates a big milestone this week, when the first Boxee-branded hardware starts shipping to consumers. The start-up is celebrating with an event at New York’s Irving Plaza. But the company’s next big move likely won’t happen in public view: Sources say Boxee is out trying to raise a significant funding round, likely in the $10 million to $15 million range. I’m told that existing investors Union Square, Spark and General Catalyst, which have helped Boxee raise $12 million to date, all plan to re-up, and will likely pick up half of the round. No word on who the new money is, or how close the round is to closing. CEO Avner Ronen will need it sooner than later, though. His two-year-old company now has a significant payroll–33 people, at last count–and very little revenue coming in the door.

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

Art Diffusor® Model D by Acoustics First

Art Diffusor® Model D by Acoustics First

The ArtDiffusor® Model D (patent applied for) is the newest in the ArtDiffusor® Series. The Model D is an organic, quadratic diffuser; fusing diverse design concepts such as MLS, QRD, bicubic interpolation and boolean logic mapping. These rolling, asymmetric diffusers minimize specular acoustic reflections while improving sound clarity and ambience. Their design encourages developing customized patterns, allowing for a truly unique installation - every time.