Kyte Completes $21.1 Million of Series B Funding

Mar 14, 2008

Kyte, a mobile and online video provider, announced it has closed its Series B funding, raising a total of $21.1 million, after securing additional investments from Steamboat Ventures, a venture capital firm affiliated with The Walt Disney Company, and Intellect Capital Ventures, a venture fund initiative of TeliaSonera managed by Intellect Partners, also participating. As previously announced, several world leaders in wireless also are participating in this round, including Telefónica, Nokia Growth Partners, Swisscom and DoCoMo Capital, Inc., as well as Draper Fisher Jurvetson, and Holtzbrinck Ventures.