Internet TV Provider HD AmeriTV Raises $45 Million

Authored by Mark Hefflinger on November 13, 2007 - 8:40am.

New York - HD AmeriTV, a provider of Internet TV delivery services, has raised $45 million in a new round of venture capital financing, which was co-led by First Mutual Credit and GTrade Securities.

Four other undisclosed backers also participated, with all investors receiving a minority stake in the company.

Founded in 2004, New York-based HD AmeriTV offers a platform that provides peer-to-peer based, ad-supported video over a broadband Internet connection.

The company will use the new funds to accelerate product development, global expansion, localization and service offerings.

 

Related Links:
http://www.prleap.com/pr/102541



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