A little-known Netflix subsidiary has raised $50 million in a Series B round led by private equity firm Fidelity Investments.
The company, called Xfinity, says it plans to expand its streaming service to more markets and has raised about $150 million from investors including Andreessen Horowitz, Benchmark Capital and others.
Xfinity is based in San Francisco, Calif., but the company has an office in San Jose, Calif.
The company says it expects to have a second campus in Palo Alto, Calif..
Xfinite says it will offer video content from major players including Netflix, Amazon Prime Video, Hulu Plus, and Apple’s iTunes, among others.
The initial investment will go toward growing the business and adding new services.
Netflix, which already has a number of standalone TV shows and movies on its library, has been a key supporter of Xfinite.
The streaming service has already invested $2 billion in Xfination in the past year.
Netflix has been experimenting with new types of original programming, including shows based on the popular Netflix series “Stranger Things.”
Xfiton, meanwhile, has a larger investment in its own shows.