Bitway Invests $750,000 in Crunchyroll

Japanese online content distributor Bitway has made a made a $750,000 USD strategic investment in San Francisco based video streaming site Crunchyroll. This is the third major cash infusion Crunchyroll has received since 2008. Venture capital firm Venrock invested $4.05 million USD into Crunchyroll in early 2008. TV Tokyo acquired a $750,000 USD minority ownership of the company in March 2010. Bitway is a major Japanese distributor of digital books and manga and may plan to utilize Crunchyroll as a platform for English language digital distribution of Japanese print media.

Source: Anime News Network