Broadband Enterprises Raises $10m
Video syndicator and pre-roll provider Broadband Enterprises has raised $10 million from Velocity Interactive, a VC firm helmed by Ross Levinsohn, the former President of Fox Interactive and Jonathan Miller, AOL’s former Chairman and CEO.
According to TechCrunch’s coverage, this is the first outside money it is taking. Velocity is putting up the entire A round itself. “They are cash-flow positive and making money today,” says Miller, on tens of millions of dollars in revenues. That’s an easy investment decision.