Layer3 TV, a next generation cable provider, has raised $21 million in Series A financing.

The investors in Layer3 are North Bridge Venture Partners and Evolution Media Growth Partners, which is a joint venture between private equity firm TPG Growth and Evolution Media Capital.

Layer3 TV, Inc. is a next generation cable provider spearheading a new era of home media, combining the best of television, social, and digital life. Founded in 2013 by cable veterans Dave Fellows and Jeff Binder, the company is located in Boston, Mass. Layer3 TV is backed by some of the most respected names in private equity, venture capital and entertainment.