Boxee has announced on its blog that it has raised $16.5 million in third-round funding. This brings the total capital raised by the company to $26.5 million.
The investment comes from new investors Pitango and Softbank, with participation from prior backers General Catalyst, Spark Capital and Union Square Ventures.
Boxee points out it has grown from 12 to 34 employees since its last ($6 million) round of funding, and that it plans on hiring some more.
The extra capital will be used to enhance its software, solve bugs and build new functionality into their product(s). In the company’s words:
One of our greatest challenges will be to add more movies, TV shows, and video while at the same time making it easier to discover and watch them. We have ideas on both fronts and are excited to get to work.Many of you would like to see Boxee handle all the video on their TV with no need to switch inputs. We’d like to get there, too.
In addition to product enhancements, the funding will be used to strike more content and hardware manufacturer partnerships.
Also see: Boxee CEO To Big Media: “Resistance Is Futile”
Boxee is a partially open-source freeware media player software platform that integrates personal locally stored media with Internet streaming media along with social networking features. Boxee’s social networking component allows users to share information about what they are watching or listening to with other boxee users or friends on social networks like Twitter, Facebook, etc. Since it is partially open source, users can create their own apps, plug-ins, and skins for it. The framework for Boxee is based on source...
Austin, TX
Seattle, WA
San Diego, CA
Menlo Park, CA
Boston, MA
Disrupt Europe: Berlin Hackathon
Berlin, Germany
