Roku launched the first player to stream Netflix to the TV in 2008, and now streams more than 500 entertainment channels to millions of customers.
Prior investors Menlo Ventures and Globespan Capital Partners, as well as an unnamed strategic investor, also joined the funding round.
Roku said it would use the cash to build brand awareness through advertising, develop new international markets and increase engineering and production.
It also plans to launch the Roku Streaming Stick, which will allow users to stream video, games and music to smart TV sets via a wireless dongle.
“We have watched Roku maintain market leadership since the launch of its streaming platform four years ago and we look forward to deepening our relationship, having already worked closely together on the launch of several products,” said News Corporation chief digital officer Jon Miller.
“Roku’s significant technology advantage, coupled with a strong market position, places them in a unique position to be an integral part of the television landscape for years to come.”
BSkyB CFO Andrew Griffith said, “Coupled with the on-going strength of satellite distribution, online and mobile help us unlock even more value for customers. Working with Roku we look forward to extending our multi-platform leadership.”
In May Menlo Ventures made a three-times return on its investment by selling its stake in social commerce company PowerReviews for about $150m.
The firm held about 30 per cent of the customer review provider, which it has sold to social data company Bazaarvoice, after leading a Series A round in 2005 and taking part in all other rounds.
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