VC: Internet TV firm Maven gets $12M

Maven Networks, a broadband TV company, has raised $12 million in third-round financing led by Prism Venture Partners with involvement of existing investors Accel Partners and General Catalyst Partners. The round brings Maven's total funding to date to $30 million. Maven's content partners include AETN International, 20th Century Fox, National Geographic, the UK's GMTV, The Hallmark Channel, Sony Pictures and Walt Disney Pictures, plus advertisers like Budweiser and Nike. While Maven has no control over the network it deliver video over, Internet TV services are getting a lot of love from VC and future IPTV service providers alike. The AT&T HomeZone launch is testament to the Internet TV trend, which the industry hopes will whet consumers appetite for the oncoming IPTV launches.

For more on the Maven's latest VC round:
- see this article from C21 Media