Advanced Television

Boxee gets a $6M catalyst general

August 14, 2009

Boxee has closed a $6m round of financing led by Boston-based General Catalyst with participation by prior investors Spark Capital and Union Square Ventures. Neil Sequeira from General Catalyst will join the board.

The web to TV company, who suffered a blow recently when Hulu withdrew their service, says the investment will go to improving the product and into the roadmap of 2010. "The idea is to have a healthy mix of development driven by user feedback (which is the essence of the upcoming Beta) and innovation that comes from within Boxee." And adding more content – "We believe Boxee can be a great partner for independent content producers as well as big media companies. We will try to bring more TV Shows, Web Shows and Movies from ad-based, subscription-based and a la carte type services."

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