MobiTV Closes Series C and Tops $100 Million

Nov 03, 2006

MobiTV, Inc., a provider of mobile and broadband television and music services, has announced the second close of its Series C Funding with an additional $30 million investment and two new investors, Adobe Systems Incorporated and Hearst Corporation, bringing the total round to more than $100 million. Additional investors in the round include Oak Investment Partners, Menlo Ventures, Redpoint Ventures, and Gefinor Ventures. These funds will support the demand for MobiTV's mobile and broadband television and radio services.