Roku raises $25 million in additional funding

Streaming device maker Roku has raised an additional $25 million round of funding, according to a disclosure filed with the SEC on Wednesday. A Roku spokesperson confirmed the funding and said that it would provide “additional growth capital,” but declined to comment on who participated in the round, which brings the total amount raised by Roku to $155 million. The funding comes at an interesting time for the company; Roku is getting increased competition from the likes of Google and Amazon in the streaming device space, but it could get a boost from both Hisense and TCL shipping TVs powered by Roku’s platform.