Boxee secures $6 mil round
Company provides tech to watch Web content on TVsBoxee, whose technology for moving Internet video to TV screens makes some studio executives nervous, said Wednesday that it has raised $6 million in a second round of financing.
In its first round last year, Boxee raised $4 million from Spark Capital and Union Square Ventures. This time, General Catalyst Partners was the lead investor, with Spark and Union Square also participating.
Boxee boasts about 600,000 users and important partnerships with the likes of Netflix, MLB.tv and Last.fm. The big prize, though -- access to Hulu and its library of content from News Corp., NBC Universal and Disney -- remains elusive.
In fact, Boxee said it chose General Catalyst in part because its managing director is former Time Warner executive Neil Sequeira, who has joined Boxee's board of directors.