Avail Media, IPTV video provider, raises $25 million
Avail Media, provides telecommunications companies like AT&T with video programming from MTV, FOX, Disney and other media companies. It has closed another large round of funding.
The Reston, Va.-company has raised $25 million in funding from Valhalla Partners, Columbia Capital, Novak Biddle Venture Partners and Pioneer Ventures. It has also raised $5 million in debt financing came from Silicon Valley Bank and an un-named strategic investor.
It has previously raised $12 million and even purchased a competitor, ViewNow, in September (more here).
Avail has distribution rights to more than 300 channels from national programming such as MTV Networks, Fox Networks, ABC-Disney, Turner, Discovery, and others. It provides encryption services for these videos.
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About the Author, Eric Eldon
Eric currently covers digital media technology and business news, especially what's happening on social networks and their platforms. He also writes and edits stories about venture capital, and lots of other stuff, too. He started at VentureBeat in the spring of 2007, half a year or so after Matt Marshall left his reporting job at the San Jose Mercury News to found the site. Eric previously cofounded a startup called Writewith, that was building editorial software for newspapers and other groups of writers. The startup didn't work out, but he learned a lot.