Roku reports issuing $45.5 million worth of equity


For more information visit http://www.XDATA.co
XDATA – January 29th 2016
Roku placed $45.5 million worth of securities as part of a non-brokered equity financing round. The placement, which started a couple of months ago, lured a total of fourteen subscribers. A total of seven unregistered securities offerings closed by the company raised an estimated $125.07 million.
Roku designs, markets, manufactures and develops streaming entertainment devices for TVs. The company’s streaming platform features a vast collection of entertainment channels available for streaming. Its streaming players and its streaming stick are sold through major retailers in the US, Canada, the UK and the Republic of Ireland. Additionally, the company works with TV manufacturers to create co-branded Roku TV models. Financial backers include Globespan Capital Partners, Menlo Ventures, Luminari Capital, and Hearst Ventures.
The company is headquartered in Saratoga CA. Roku elected to keep its revenues undisclosed.
The executive team includes Anthony Wood, Matthew Anderson, Stephen Kay, Steve Louden and Steve Shannon.
The board of directors includes Alan Henricks, Daniel Leff, Jeff Hastings, Ravi Ahuja, Ray Rothrock and Shawn Carolan.

The company has raised an estimated total of $170.57 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: Roku
Industry: Other Technology
Amount offered: $45.5 million
Amount placed: $45.5 million
SEC filing: Source
First sale: 11-09-2015
Data as of: 01-28-2016
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