Roku looking for $30 million investment

As the set top box market sees record growth, now would be the time for businesses to expand, but this is not always possible as it requires investment, which is difficult to obtain.

However this has not put the set top box maker Roku off from looking for some serious investment into its engineering and marketing plans for 2010.

In fact the company is looking for a single investment of $30 million during the first quarter to help fund the expansion.

This is hefty sum considering that revenues for the company are estimated at around $75 million for this year.

Roku was part of Netflix, but since going its own way the company has managed to shift around five hundred thousand units.