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Vuze Bags $20M

PALO ALTO, Calif. -- Vuze, the rapidly growing high-res IPTV platform, with an installed base of 15 million client downloads, announced it has secured $20 million in its C round of funding. This round is led by New Enterprise Associates (NEA), with existing investors Redpoint Ventures, Greycroft Partners, BV Capital, and Jarl Mohn participating. As a result of the investment, TiVo Co-Founder and former CEO Mike Ramsay joins the Vuze Board of Directors.

“In January 2007, we launched Vuze, which has achieved tremendous organic consumer adoption. Over the course of the year, we closed more than 100 premium content partnerships, while opening our platform to maverick content creators everywhere,” said Gilles BianRosa, CEO of Vuze, Inc. “This funding round will enable us to capitalize on the significant consumer adoption of our platform in the US & Europe, to continue to enhance our innovative product, and to further engage our loyal and passionate global user base, all while remaining true to our vision of an open, global platform for immersive high-quality entertainment.

“In my view, Vuze is the most exciting company in the online media space today and is leading the charge to create a truly compelling internet entertainment experience,” said Mike Ramsay, Venture Partner at NEA. “Further, with the fastest growth of any online media company, the team has proven they can set aggressive goals and beat them. NEA is very excited to support Vuze’s goals and anticipates its major impact in the global entertainment space going forward.”

New Enterprise Associates (NEA)

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