Saratoga, Calif. — Roku, a Saratoga-based maker of broadband-connected set-top boxes designed to bring web video and other online content to the television, has raised $8 million in a new round of equity funding, the company revealed in a filing with the Securities and Exchange Commission (SEC).
Four investors have taken part in the round since the beginning of August, with the company still planning to raise another $750,000 in the offering. Identities of the investors were not disclosed.
Roku, whose previous backers have included Menlo Ventures and Globespan Capital Partners, had previously discussed the possibility of an initial public offering (IPO) this year.
This story also appeared in Bay Area Tech Wire.
SEC filing – http://tinyurl.com/3ks3x25