Internet TV company, Joost, raises $45M
Internet TV company Joost has raised $45 million in a whopper round of venture financing, giving it a significant war-chest to spend just as its product hits the market.
Lead investors were Sequoia Capital and Index Ventures. CBS Corporation, Viacom and the foundation of Chinese billionaire Li Ka-shing also participated, according to the company, in a statement to VentureBeat Wednesday evening.
Despite being relatively untested, Joost has gained publicity because it was started by Skype co-founders Janus… Continue Reading