Tuesday, May 3, 2011

Peel Unwraps $16.7M More

Santa Clara-based Peel, the developer of a personalized television recommendation system for funding TV shows, movies, and sports, said Monday that it has raised $16.7M in a Series B funding round. The round was led by Lightspeed Venture Partners, and also included prior investors Redpoint Ventures, Harrison Metal Capital, Kapor Capital, and Baseline Ventures. Lightspeed's investment was led by Ravi Mhatre. The firm said the funding will go towards opening up retail opportunities for its device and expansion of its application. More information »