Cable alternative Sezmi raises another $17.3 million

Sezmi, which combines over-the-air, cable, and web video content into a single integrated TV service has raised an additional $17.3 million in a new round of funding, bringing the Belmont, Calif.-based company's total to some $93 million--including $25 million last fall when it launched its service.

This most recent round of funding comes on the heels of Sezmi's roll out last week of a $150 hybrid DVR and STB that allows subscribers to watch live broadcast content as well as some premium cable content and online offerings.

Previous investors in the company include Morgenthaler Ventures, Index Group, Omni Capital Group, Advanced Equities Financial Corp., Northleaf Capital, and Legend Ventures.

Sezmi has an entry-level version of it service available in 36 markets for $4.99 a month, and also offers a Select Plus service, which includes 23 cable channels, for $19.99 in Los Angeles.

Available through Amazon.com and at Best Buy stores, Sezmi says it plans to continue rolling out the Select Plus plan in more markets over time.

For more:
- see this regulatory filing
- see this story

Related articles:
Cable alternative Sezmi teams with Amazon in 36 new markets
Sezmi? Says Who?
Sezmi launches pilot, raises funding

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