Kyte’s Second Round: $15 Million Led By Telefonica
SF-based video platform Kyte says it raised $15 million in a second round, officially putting a number on previously reported investments from Telefonica (NYSE: TEF), Nokia (NYSE: NOK), DoCoMo (NYSE: DCM), Swisscom, and Holtzbrinck Ventures. Om reported last week that Telefonica contributed $5.6 million to the round, but Kyte won’t confirm that number. Also participating was previous investor Draper Fisher Jurvetson, which led an initial $2.25 million last year, bringing the total to $17.25—well above previously reported funding estimates of $10 million. The official name of the corporation is Decentral.TV, but it does business as Kyte, and is in the process of changing its official name to that. Release.
SEE ALSO: ‘Lifecaster’ Kyte.TV Gets $5.6 Million From Telefonica
The funding was first revealed last night in a Kyte video done by Robert Scoble.
Posted In: Search, Social Media, Video, Technologies / Formats, docomo capital, kyte, telefonica
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