GigaOM | 01.08.14

Aereo gets another $34M, promises 15 markets by March

By Jeff John Roberts

Aereo, the startup service that is putting the TV industry’s nose out of joint with its $8/month streaming package, announced on Tuesday that it has received a major new funding round to pursue further expansion.

In a press release, Aereo stated that it intends to use the new $34 million investment to pursue ”rapid nationwide expansion and increased investments in hiring and technology.” The money comes by way of Barry Diller’s IAC, Gordon Crawford and Himalaya Capital Management; the Series C round adds to the more than $58 million the Brooklyn-based startup has already received.

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