Avail Media Raises $30M for IPTV

image Avail Media Inc. has completed a $25M Series B round which will put it well on its way to expanding its IPTV domain. The current round includes Valhalla Partners along with Columbia Capital, Novak Biddle Venture Partners, and Pioneer Ventures, from the prior round. The funding raised includes another $5M in debt financing from a strategic investor, and Silicon Valley Bank.

Reston, VA based Avail media delivers IPTV content to customers on a variety of platforms - cable, telecom and internet. The company will use its latest funding to expand its market reach and to add new features to its offerings.

Clearly, Avail Media has pedigree. The company was formed as a merger between Auroras Entertainment and Broadstream Communications. CEO Ramu Potazu was previously the CEO of Broadstream Communications, and before that, COO of Intelsat. Diane Smith, formerly the CEO of Auroras Entertainment, is president of Avail Media. 

image Avail Media, founded in early 2007, added VOD (Video on Demand) to its repertoire by acquiring ViewNow, a provider of VOD programming.


Technorati Tags: avail media, columbia capital, novak biddle venture partners, pioneer ventures, broadstream communications, auroras entertainment, Intelsat

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