New startup raises US $6.3 million from venture capitalists
Tivli, which offers on-demand and streaming TV content to college campuses, today said it closed $6.3 million during the Series A financing. The money will be used to finance the company's expansion plans.
The first round of financing attracted investors New Enterprise Associates (NEA) along with Radical Investments, CBC New Media Group, HBO, WME, Feliris Ventures and Rho Ventures, the statement of Tivli reveals.
"I'm excited to be part of Tivli and think they are the future of entertainment on college campuses," said Mark Cuban, CEO of Radical Investments.
"Tivli is a great complement for AXS TV and my other entertainment investments," he added.
Tivli offers an alternative to the unilateral, static broadcasting in most college campuses by allowing students to watch shows that they want, when they want and the digital platform of their choice.
Following its inaugural launch in Harvard, Tivli has since been offered in Yale, University of Washington, Wesleyan University, Texas A&M University, among others.
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