Silicon Valley based Meevee has raised an additional round of financing of at least $8 million, a source close to the company told us today. The lead investor is the JP Morgan affiliated fund, Bay Area Equity Fund. No word on valuation or if the fund’s previous investors also participated.
Meevee is an interactive television guide with some original content directly linked. See our post Overview: The End of Paper TV Guides for a quick summary of their business and how they compare to competitors.
The size of the round is notable given the relatively sparse capital needs of a startup like Meevee. This tells me they may be looking to use some of the cash, or their newly valued stock, in an upcoming acquisition spree. As noted in our post above, there are a lot of competitors in this space, and it needs to be consolidated. In my opinion, a merger with MobiTV, discussed in this post, would be an ideal combination of content and guide.
Want to work at Meevee? Check out their CrunchBoard job listing. Previous TechCrunch posts discussing Meevee are here.
Comments
I used Meevee awhile back, but found no real benefit over my default cable companies onscreen guide.
Mike,
You have a typo in the third paragraph:
in an upcomiing acquisition spree.
an extra i in upcoming.
And good luck to Michael Raneri and Meevee. He seemed like a really cool guy when I had to chance to talk with him.
Ok - I am not sure I see the value in the guide as it stands now.
I am a Dish Network subscriber in their Top 120 program. Yet, when I pick Dish Network I see all of the channels including those I do not subscribe to. So I have to wade through 50% junk to even try to find what I am allowed to watch.
Second — in terms of usability, I have issues.
Dish Network - Click Search, find the show, click it and watch or record.
Meevee - Find a show (hope I get that channel) then go to tv and continue with Dish Network option above.
I think for now I will pass, thanks.
their logo sucks; when you drive on 101 to san francisco, you can’t even make out what it says cause the ‘v’ is not really visiable;
and…why is this needed?
my company does way cooler crap than this; give me the 8 million and you’ll have a way better chance of making money.
Nobody watches TV this actively to where they research what’s on before heading to the TV. The on-screen guide is active enough. Seriously.
I re-did their slogan after driving by it for the 1,000th time (without any idea of what they did, what it was for, etc.):
*There’s something good on*
rather than
*Find something to watch* (which sounds like a pain in the ass)
The site has great search and solid listings. I use it instead of my on screen guide. Better tools to discover shows and from more sources (TV, the web, DVD, IPTV) would be great.
WOW - check out http://www.viewmy.tv , its got Free AlJazeera in English !!!!!!!!
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