Nascent online television service Joost has raised an additional $45 million from five new investors, including Index Ventures, Sequoia Capital, Hutchison Whampoa chair Li Ka-shing, along with current content partners CBS and Viacom. Joost plans to use the money to accellerate its expansion and service offerings, develop localizations, and speed product development.
“This funding represents a tremendous vote of confidence in Joost’s platform,” said Joost co-founder Janus Friis, in a release. “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.”
