Boxee Raises $16.5 Million
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Boxee is a New York City based company that makes software for watching online video on TV. The company has recently raised $16.5 million in a round led by Pitango and Softbank. Previous investors that participated in this round include General Catalyst, Spark Capital, and Union Square Ventures.
Boxee plans on using the funding to further develop their product and increase partnerships. Boxee is not mainstream and they face intense competition from Google, Apple, and Microsoft.