dotTV Secures $28 Million in Series B Equity Financing

dotTV, a leading provider of Web identity services, has announced a significant funding round of approximately $28 million in Series B equity financing from strategic financial investors. The funds will primarily be used to expand its global sales and marketing efforts. The investment round was led by VeriSign, Inc., a leading provider of trusted infrastructure services, through its investment subsidiary, NSI Capital Management, Inc. Additional new investors include UnitedGlobalCom, Munder Capital Management, Mark Asset Management, and Compass Asset Management.

Key Takeaways:

• dotTV, a leading provider of Web identity services, has secured $28 million in Series B equity financing from strategic financial investors.
• The funds will be primarily used to expand global sales and marketing efforts.
• VeriSign, Inc. led the investment round through its subsidiary, NSI Capital Management, Inc.
• Additional new investors include UnitedGlobalCom, Munder Capital Management, Mark Asset Management, and Compass Asset Management.
• The company aims to create the premier top-level domain to enable customers to establish unique web identities and capitalize on global recognition.
• Leading organizations, including Sega of America, Columbia TriStar International Television, and Major League Baseball, have adopted the .tv domain name.

Statistics:

• The funding round is worth approximately $28 million.
• The .tv domain name has been adopted by over 150 leading broadcasters from around the globe, including PAX TV and TV Norge.
• VeriSign has one of the largest business subscriber bases on the Internet, with nearly 14 million paid registrations.

Sources:

• dotTV press release, November 28 [no date mentioned]
• VeriSign press release, [no date mentioned]
• UnitedGlobalCom press release, [no date mentioned]
• Munder Capital Management press release, [no date mentioned]