ROO Group Completes $15.5 Million Private Equity Financing

ROO, a global leader in online video solutions for content providers, advertisers and Websites, today announced it has completed a private equity financing with gross proceeds of $15.5 million, in a common stock transaction. All of the participants in the transaction are accredited institutional investors, including 033 Asset Management LLC, Ashford Capital Management, and Tudor Investment Corporation. ROO will use the net proceeds from the sale of common stock to fund ongoing operations and to make additional investments in sales and marketing.