HD AmeriTV, an Internet-based TV company based in Hong Kong and New York, has raised $45 million in round of funding, and says it plans to go public within six months.
The content is offered to viewers for free, and is advertising based. The company’s announcement is here.
The three-year-old company has been profitable since last year, and has annual revenue of almost $20 million.
The companies said five investors joined in the round, but only named two: First Mutual Credit, a European investment banking firm, led the round, it said. Another investor named was G Trade Securities, a venture capital firm.