Broadband TV company Joost today announced that five parties have collectively invested approximately $45 million in the company. The five companies are Index Ventures, Sequoia Capital, Li Ka Shing Foundation, CBS Corporation and Viacom with each taking a minority percentage of the company.
“This funding represents a tremendous vote of confidence in Joost’s platform,” said Janus Friis, co-founder of Joost, in a prepared statement. “We’ve carefully selected these investors from a variety of interested parties, as they are best-in-class in their respective arenas and bring unique assets to Joost that will enable us to significantly accelerate growth and development of the Company.”
As previously announced, CBS Corporation and Viacom are also content partners, providing channels and programming on Joost.