Disruptive TV service Aereo raises $34m in Series C round
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Aereo Inc., an Internet-based service that unnerves major broadcasters by letting subscribers in Greater Boston and other urban areas watch TV broadcasts on such devices as iPhones and iPads, said it has just raised $34 million in Series C financing to support rapid nationwide expansion.
Highland Capital Partners, a venture firm with offices in Cambridge, was among those participating in the round, Aereo said in a press release. Other investors included IAC, Gordon Crawford, Himalaya Capital Management, and FirstMark Capital. Highland Capital Partners is an existing investor in Aereo.
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