You.i TV Secures $23M Funding Round
Ottawa-based multiscreen software company You.i TV has announced a new $23 million round of funding.
The startup, which supplies tools for cross-platform app development, has raised a total of $35 million over three rounds, according to its Crunchbase profile.
The latest investment was led by Causeway Media Partners, with participation from previous backers WarnerMedia, Kayne Anderson Capital Advisors and Vistara Capital Partners.
Related: You.i TV Connects with Weather Group
Bob Higgins, a partner at Causeway Media, has taken a seat on You.i TV’s board.
“We’ve been on a mission since we started to help developers take control of the fragmented world we live in. Enabling them with the right tools lets them do what they do best - build experiences that matter to users,” said Jason Flick, CEO and co-founder of You.i TV. “This is just the beginning of shaping the future of all forms of media experiences. We are excited to have Causeway join the team with their well rounded expertise in this space as we reach new markets and build out the community.”
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Daniel Frankel is the managing editor of Next TV, an internet publishing vertical focused on the business of video streaming. A Los Angeles-based writer and editor who has covered the media and technology industries for more than two decades, Daniel has worked on staff for publications including E! Online, Electronic Media, Mediaweek, Variety, paidContent and GigaOm. You can start living a healthier life with greater wealth and prosperity by following Daniel on Twitter today!