The internet TV streaming service is set to launch next month as it bumps its funding up to $25m thanks to a contribution from the Barry Diller-led internet firm IAC.
Aereo, a US-based company looking to bring broadcast television to internet subscribers, secured $20.5m in series A funding on Tuesday in a round led by internet company InterActiveCorp (IAC).
Joining IAC in the round are venture capital (VC) firms FirstMark Capital, First Round Capital and Highland Capital Partners, VC fund High Line Venture Partners, and several angel investors.
Apart from IAC, all were investors in Aereo’s $4.5m seed round last April, raised under its previous name of Bamboom…
