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Aereo Raises $38 Million VC Investment

Thursday, January 10, 2013 5:35:00 AM PDT | VentureDeal

   Long Island City, New York  --  Broadcast television technology company Aereo has received $38 million in its second round of institutional venture capital and corporate investment.

Aereo has developed technology that enables consumers to watch broadcast television on the Internet.

The investment syndicate was led by IAC.

Aereo said it would use the funding to expand its operations to 22 US cities by the end of 2013.

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