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Roku raises US$25 million
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Internet streaming set-top box maker Roku has raised US$25 million in funding, according to a filing with the Securities and Exchange Commission.
The filing, dated yesterday, does not disclose the investor or investors, though the funding comes after BSkyB said earlier this month that it had made a further US$0.7 million investment in Roku. At the same time, 21st Century Fox also made a further, undisclosed, equity investment in the firm.
To date, Sky has invested US$12.9 million in Roku. Sky said in a filing that its latest cash injection in the firm will “provide financing for Roku’s operations and activities.”
Last month, Roku said it has now sold more than 10 million streaming players in the US since it first launched in 2008.
Announcing the milestone, Roku said that more than 1,800 streaming channels are now available on the device and that customers have streamed a total of five billion hours since 2008 – with 3 billion hours expected to be streamed in 2014 alone.
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