ON Networks, Inc., a new media company delivering original, on-demand shows originated exclusively in high-definition, today announced that it has secured $12 million in Series B financing. Accel Partners of Palo Alto, California led the funding round with participation from ON Networks Series A investors, Austin Ventures and AT&T. The capital will be used to fund company expansion, including the development of its virtual studio technology platform, new shows, and strategic business relationships with the world’s top content distribution networks and platforms.

In addition to the financing, ON Networks announced that Peter Wagner, general partner of Accel Partners, was appointed to the ON Networks board of directors. Mr. Wagner joins current ON Networks board members – Chris Pacitti, general partner of Austin Ventures; Allan Grafman, president of All Media Ventures and an operating partner of Mercury Capital Partners; and Kip McClanahan, ON Networks CEO.

Covering a wide range of topics and lifestyles, shows from ON Networks are all produced in high-definition by professional producers from around the world who leverage the company’s ProSourcer Virtual Studio to streamline the management, creation and distribution of content. Today, ON delivers more than 400 episodes of 25 original shows, including Play Value, The 5-Minute Drill, BackPack Picnic, Budget Health Nut, Cocktails on the Fly, Golf Tips, and Stump the Chef.

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