N2 Broadband Closes $10 Million for Cable VOD

N2 Broadband, a start-up based in Duluth, Georgia today announced the completion of a $10 million Series C of expansion financing. N2 Broadband is a supplier of VOD solutions to cable operators. The company claims more than 700 commercial deployments. N2 Broadband plans to use the new funding to expand its "OpenStream" digital services platform for the next generation of capabilities such as on-demand and ITV services; instant provisioning of digital services; and expanded tools for the creation of on-demand content.


The funding round was led by Tudor Ventures with lead existing investor Highland Capital Partners also participating. N2 Broadband has raised a total of $27 million to date. The company said it achieved cash-flow break-even status in 2003.
http://www.n2bb.com