MobiTV Raises $5 Million
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Streaming TV provider MobiTV has received $5 million in funding from Leader Ventures, in addition to the $125 million it raised from VC firms Gefinor Ventures, Menlo Ventures, Redpoint Venutres, Oak Investment Partners and strategic investors Adobe Systems (NSDQ: ADBE) and Hearst Corp, reports VentureBeat. MobiTV plans to use the money to pay for “equipment costs.” MobiTV rolled out its first mobile TV service in 2003 and now has over 4 million subscribers through its white label deals with carriers.
SEE ALSO: MobiTV Hits 4 Million, Upgrades Tech
Apr 24, 2008 4:26 AM ET
Posted In: Entertainment, Media & Publishing, TV, Social Media, Video, Companies, leader ventures, mobitv
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