Online video network Roo has received a private equity financing of $15.5 million from a group of investors including 033 Asset Management LLC, Ashford Capital Management, and Tudor Investment
Corporation. Roo, which runs a network of 180 sites including that of the Financial Times, Verizon and CitySearch, will use the proceeds to fund ongoing operations and to make additional investments
in sales and marketing. Roo trades as an over-the-counter stock.
