Online video startup Vuze pockets $20 million

FROM MULTICHANNEL NEWS: TiVo co-founder Ramsay joins board; Vuze hires execs

By Todd Spangler of Multichannel News -- Video Business, 12/20/2007

DEC. 20 | FROM MULTICHANNEL NEWS: Vuze, a startup that runs a peer-to-peer Internet video distribution service, said it has raised $20 million in third-round funding and named TiVo co-founder Mike Ramsay to its board of directors.

The funding brings Vuze's total raised to date to $34 million. The round was led by New Enterprise Associates (NEA), the venture-capital firm where Ramsay is a partner, and included participation from existing investors Redpoint Ventures, Greycroft Partners, BV Capital and CNET chairman Jarl Mohn.

Vuze -- formerly known as Azureus -- claimed it has signed more than 100 premium-content partners, including Showtime Networks, Starz Entertainment, BBC, A&E Television Network's Biography Channel and A&E, and Rainbow Media's IFC.

Read the full story on Multichannel News.

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