Online TV network blip.tv today announced the closing of its third round of institutional capital, which effectively more than doubles the amount of money the company has secured to date. The Series C round was led by Canaan Partners and existing investors Bain Capital Ventures . The company says it will use its new funding to accelerate the growth of the independent Web shows that the network hosts and distributes, expand its content services team, grow its international advertising sales force and develop new products for both viewers and producers.