Reston, Va. - Avail Media, a provider of IPTV and other media services to broadband operators, announced on Thursday that it has raised $25 million in its second round of venture capital financing.

First-time investor Valhalla Partners joined Columbia Capital, Novak Biddle Venture Partners and Pioneer Ventures in the round.

Founded in early 2007 through the merger of Auroras Entertainment and Broadstream Communications, Virginia-based Avail provides IPTV delivery services for broadband operators.

The company offers a content library of over 300 channels from programmers including ABC-Disney, Turner, NBC Universal, MTV Networks and Fox Networks.

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