LOS ANGELES--()--Clicker Media Inc., creators of Clicker, the complete programming guide for Internet television, announced today that it has received a Series B investment totaling $11 million. The round was led by Palo Alto-based JAFCO Ventures, with participation by Series A investors Benchmark Capital and Redpoint Ventures. The funding will be used to support the long-term development of Clicker’s product line and partnerships with major consumer electronics, connectivity and content providers.
“Of the firms we considered, JAFCO stood out early because of their passionate belief in the opportunity before us, as well as the deep experience of Joe Horowitz as an early innovator in the electronic programming guide space”
Clicker, launched to the public in November 2009, offers the first comprehensive, structured, and unbiased catalog of all broadcast, and broadcast-quality, programming available to watch online. Clicker has indexed more than 600,000 complete TV episodes from over 10,000 online shows in more than 1,400 categories, in addition to over 30,000 movies from Netflix Instant Streaming and Amazon VOD, and more than 50,000 music videos. Clicker has created integrated programming guide applications for media platforms such as Boxee and popbox, and launched a University Program to index proprietary college videos and lectures, starting with charter school UCLA. The company was recently named one of OnMedia’s Top 100 Private Companies, Mashable’s 8 Companies Reinventing Television Online, PC World’s 10 Sites and Services That Will Matter in 2010, ReadWriteWeb’s 10 Start-up Products of 2009, and a 2009 Crunchie Award Finalist for Best Design.
“The incredibly positive response to our initial product, as well as the core premise of creating a next-generation programming guide, has been very gratifying,“ said Jim Lanzone, CEO of Clicker. “We also received great interest in Clicker as an investment opportunity right off the bat, and feel fortunate to be able to focus on growing our business with such a solid base of funding behind us.”
“Of the firms we considered, JAFCO stood out early because of their passionate belief in the opportunity before us, as well as the deep experience of Joe Horowitz as an early innovator in the electronic programming guide space,” continued Lanzone. “We are also thrilled to have Benchmark and Redpoint investing again, which is a huge vote of confidence from our original backers.”
JAFCO Managing General Partner, Joe Horowitz will join Clicker board members Bill Gurley, Geoff Yang, Blake Krikorian and J.D. Heilprin as a board observer. In addition to his role at JAFCO Ventures, Joe Horowitz has over 25 years of experience in venture capital and was an early active investor in Starsight Telecast, a pioneering company in the electronic programming guide business that he later helped merge into Gemstar, the current owner of TV Guide.
“We are delighted to lead the current financing of Clicker,” commented Joe Horowitz. “We are great believers in the importance of Internet television for all types of long form content and Clicker truly stands out as having created the most intuitive and comprehensive product one can imagine. We sincerely believe that Clicker is well positioned to transform the way people think about television and are excited to be part of such a talented team.”
Clicker website: http://www.clicker.com
Clicker Blog: http://blog.clicker.com/
JAFCO Ventures website: http://www.jafco.com/
Benchmark Capital: http://www.benchmark.com/
Redpoint Ventures: http://www.redpoint.com/
Clicker is the complete programming guide to Internet television. Clicker catalogs all broadcast programming online, along with TV-quality Web originals, movies and music videos, and delivers them in one seamless, organized experience that includes more than 600,000 episodes, from over 10,000 shows, from over 1,500 networks, in over 1,400 categories. The company was recently named one of OnMedia’s Top 100 Private Companies, Mashable’s 8 Companies changing television, PC World’s 10 Sites and Services That Will Matter in 2010, ReadWriteWeb’s 10 Start-ups to Watch in 2010, and a Crunchie Award Finalist for Best Design. Clicker is based in Los Angeles, CA, funded by Benchmark Capital, Redpoint Ventures, Allen & Company and JAFCO Ventures, and headed by Jim Lanzone, former CEO of Ask.com. Please visit http://www.clicker.com, or http://blog.clicker.com for more information.