Peel Secures $16.7M Series B Financing

Peel, a Santa Clara-based company that provides a universal remote control and a free app that allow users to find, discover and tune in to TV shows, movies and sports entertainment, has secured a $16.7m Series B round of financing.

The round was led by Ravi Mhatre from Lightspeed Venture Partners, with participation from Redpoint Ventures (which led the Series A funding) and existing seed investors.

The company intends to use the capital to:
– extend the reach of its device (fruit), which controls the entire entertainment system including TV, cable box, Blu-ray player, AV receiver, Apple TV, Roku and more, and
– expand the application, which recommends TV programming to users based on their personal preferences, for additional mobile platforms and content sources. Today, the app is available for iPad,  iPhone and iPod.

Peel was founded in 2009.



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