Thursday, November 02, 2006 6:00:00 AM PDT | VentureDeal Staff
MobiTV announced the closing of its Series
C round with a final $30 million investment by two new investors, Adobe Systems
Incorporated and Heart Interactive Media. The company offers popular TV
and digital radio channels delivered to mobile devices on a subscription basis.
The investment adds to the previous receipt of $70 million by investors
including Oak Investment Partners, Menlo Ventures Redpoint Ventures and Gefinor
The company plans to use the funds to support additional growth. It
states that it has over one million subscribers.
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