Blog Post

IPTV Provider Avail Media Adds $8 Million to Second Round; Takes $5 Million In Debt Financing

Reston, VA-based Avail Media, a provider of IPTV services to broadband operators, has added $8 million to its second round, which started earlier this year. The round is now complete at $25 million, with participation from new investor Valhalla Partners and previous backers Columbia Capital, Novak Biddle Venture Partners, and Pioneer Ventures. In addition, the company took in $5 million in debt financing from an unidentified strategic investor and Silicon Valley Bank. The company did an unspecified first round in 2004, when it was known as Broadstream Communications. Avail, which was formed via the merger of Broadstream Communications and Auroras Entertainment, plans to use the money to fund further expansion. Release.