Move Networks Raises C Round Totaling $67, Not $91.3 Million
Streaming Media | April 14, 2008
Move Networks announced today that it has raised $46 million in a Series C round led by Benchmark Capital which includes Cisco and Comcast and Televisa, as well as previous investors Steamboat Ventures and Hummer Winblad Venture Partners.
While many sites, including TechCrunch, are reporting that Move Networks has raised $91.3 million to date, some bloggers are doing the wrong math. Move raised $10 million in 06′, $11.3 million in 07′ and $46 million in 08′. While many announced that Move had raised $34 million back in Q4 of 2007, this was part of the Series C that was publicly announced today.
