Boxee Raises $4 Million From Spark and Union Square
Boxee is a startup whose flagship service is the ability to deliver online content to TVs and to Apple TV. Spark Capital and Union Square Ventures have invested $4 million in the social media center platform company. Bijan Sabet and Fred Wilson will be joining Boxee’s Board through the rounds of funding as well.
Boxee has about 100,000 alpha testers using the service and funding was needed to expand their services. By the end of 2009, Boxee plans on launching a “kick-ass beta,” building more functionality and content, improving the product based on user feedback, work with team-xbmc and additional developers for resources, and finish the year with over 1 million users.
Currently Boxee delivers content from Hulu, CBS, Comedy Central, Last.fm, and Flickr.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry