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ON Networks Adds Funding And New Investor

Thursday, November 15, 2007 5:35:00 AM PDT | VentureDeal Staff

AUSTIN, TX -- Digital media firm ON Networks announced that it has received a $12 million series B round of investment from a syndicate of venture capital firms.

ON Networks provides a wide variety of topic-focused programming via numerous delivery platforms: Internet, digital cable, IPTV and various mobile and gaming devices.

Investors were led by Accel Partners, and included previous investors Austin Ventures and AT&T.  The company said the funding proceeds will be used to create a new virtual studio platform, fund new shows and develop relationships with other content and distribution platforms.

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