Sky Invests $2M in CE Startup

U.K.-based Sky said it has invested $2 million in Caavo, a TV-focused consumer electronics startup based in Santa Clara, Calif.

Caavo was founded in 2015 by Andrew Einaudi, Ashish Aggarwal, Vinod Gopinath and Blake Krikorian, the entrepreneur and co-founder of video place-shifting pioneer Sling Media who died August 3 at the age of 48.

Caavo has not announced product plans, but Sky said the startup’s vision is to “improve the in-home entertainment experience for consumers, by offering easy-to-use and beautifully designed products.” Caavo’s currently sparse Web site includes a contact email address with the message: “The missing link between your TV and you.”

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Sky’s backing of Caavo follows other investments it’s made in early-stage companies such as Pluto TV, Roku, Whistle Sports, and Jaunt, a VR-focused startup.