Philo, a San Francisco, CA-based next-generation TV platform, raised $10m in Series B financing.
The round was led by New Enterprise Associates (NEA) with participation from CBC New Media Group of Raleigh, NC; Home Box Office, Inc. (HBO); Rho Ventures; XFUND; and CEO Andrew McCollum.
The company intends to use the funds to expand upon its product vision, as well as additional operational and strategic initiatives, including the relocation of its headquarters to San Francisco.
Led by Andrew McCollum, CEO, Philo brings live TV and DVR to college students on all of the devices they use — computers, tablets, and smartphones — on campus. It works with the content and media industries to provide students access to programming through a cable or satellite provider, including TV series as well as live news, sports, and events.