Hear from CIOs, CTOs, and other C-level and senior execs on data and AI strategies at the Future of Work Summit this January 12, 2022. Learn more

Updated at 1:45 p.m. PST with a statement from Roku.

Set-top box company Roku has secured a fresh $25 million round of funding, according to a SEC form D filing released today.

The startup’s most recent major round of $60 million came last year, which the company used to build new partnerships and continue growing its consumer market share for set-top boxes — despite increased competition from Apple, Microsoft, Google, Sony, and several others.

A Roku spokesperson sent VentureBeat the following statement about the new round: “We recently closed a series of funding, which provides additional growth capital. We are not disclosing any additional information not already mentioned in the filing.”

The new round of funding lists Shawn T. Carolan of Menlo Ventures, suggesting that Menlo may have participated in the investment. It also brings the total amount Roku has raised to date to $153 million.

A lot has happened in the year since Roku’s $60 million round, and competition has grown even more, with Amazon entering the set-top box market and a new line of Android TV-powered set-top boxes from Google. The company is also apparently interested in replacing the crappy cable boxes issued by cable TV providers. That said, there are plenty of reasons for why Roku might want additional funding.


VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
  • up-to-date information on the subjects of interest to you
  • our newsletters
  • gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
  • networking features, and more
Become a member