Joost Receives $45 Million Dollar Nod Of Approval From VC Community
Internet TV company Joost has raised $45 million in venture financing. The nod of approval from investors comes just as its product hits the market. Investors include Sequoia Capital, Index Ventures, CBSCorporation, Viacom and Chinese billionaire Li Ka-shing.
Joost has gained publicity because it was started by Skype co-founders Janus Friis and Niklas Zennström. It has signed deals with several companies, including Viacom, CBS and Time Warner, to carry their content.
“This funding represents a tremendous vote of confidence in Joost’s platform,” said Janus Friis. “We’ve carefully selected these investors from a variety of interested parties, as they are best-in-class in their respective arenas and bring unique assets to Joost that will enable us to significantly accelerate growth and development of the company.”
Joost product is rumored to go live within the next several days according to a variety of sources. Internet TV remains to be a proven medium, but with financial backing like this Joost seems poised to do the job.
Article Sponsor
More News
Reader Comments.
No comments yet
Leave a Comment
Latest News
- Hiring Round Up: HealthCentral, Break Media, NetShelter October 10th 2008
- Microhoo: Back From the Dead? October 10th 2008
- Nielsen Online Expands to China October 10th 2008
- Mobile Gaming Firms Eye Nokia, Apple Boost in 2009 October 10th 2008
- Fitbit Bulks Up With $2M Infusion October 10th 2008
- Trulia Launches New Business Development Group October 10th 2008
- MindShare Buys Michaelides & Bednash October 9th 2008
- Entellium CEO, CFO Arrested by FBI October 9th 2008
Spotlight
HipCricket: SMS Is Still the Wave of the FutureADOTAS EXCLUSIVE — HipCricket, a mobile marketing company, has been changing the way advertisers think about reaching their audiences since [...] more...
Features
- Media Plan ’08: Look Out of the Window October 10th 2008
- TV Advertising’s Future: A Long Paddle Upstream October 9th 2008
- Conversion Mastery: How Professionals Get Top Conversions October 9th 2008
- Out With the Old, in With the NEW October 8th 2008
- Decision 2008, The Internet Changed Everything October 7th 2008
Reader Favorites
Classifieds
Most Commented
- Can 314 Ad Networks Really Thrive? (8)
- Obama’s VP Pick Inauspicious for Net Neutrality (7)
- Facebook’s $100 Million Virtual Economy (2)
- Boomers Are Slutty Shoppers (2)
- Ralph Lauren Launches Mobile Shopping Site (2)
- NBC Loses Out on Huge Online Ad Opportunity for Olympics (2)
- Advertising GOLDMINE: Online News Sites? (2)
- Social Media and Agencies: Tools for Success (2)
