BitTorrent-based video distribution service Vuze, which we last covered in June and was previously known as Azureus, has raised $20M in a Series C round of funding led by New Enterprise Associates (NEA) and joined by existing investors Redpoint Ventures, Greycroft Partners, BV Capital, and Jarl Mohn.
The round brings Vuze’s investment total to $34M after a Series A of $2M with BV Capital and a Series B of $12M with Redpoint, Greycroft, BV Capital, and Mohn. As part of this Series C, TiVo co-founder Mike Ramsay is joining Vuze’s board of directors.
The company says that it has reached an installation base of 15 million. Vuze users must install a downloadable client before they can begin loading (and seeding) TV and movie content from 100 content partners, including some bigger names such as the BBC and Showtime.
Vuze recently petitioned the FCC to restrict internet throttling by ISPs, a practiced which threatens the BitTorrent protocol on which the service depends.