TV Community BuddyTV Gets $6 Million Second Round
Mea culpa... seems like things have changed for the company since we last reported on it: TV community site BuddyTV has raised a $6 million second round led by Madrona Venture Group. The Seattle-based company has previously raised about $3 million from Gemstar TV-Guide and Charles River Ventures, for a total raise of $9 million. We had previously reported that BuddyTV had been acquired by Comcast, though this announcement obviously shows that to have been turned out to be premature. The site offers information on various TV shows and actors, along with community message boards, reviews and other TV-related content. Funding will go towards investing in new personnel and technology. Though it isn’t offering hard numbers, it claims “several million” unique users per month.
SEE ALSO: Entertainment Fan Site BuddyTV Raises $2.8 Million In First Round Led By Gemstar-TV Guide
Update: From NTV: BuddyTV CEO Andy Liu tells NTV, “That was way too premature—we actually had interest from multiple parties and ultimately decided that we wanted to continue building the company.”
Posted In: Media & Publishing, TV, Money, M&A & Venture Capital, Venture Capital, Social Media, Companies, Comcast, buddytv, madrona venture group
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