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TVU Networks secures venture financing
Feb 20, 2013 (Datamonitor Financial Deals Tracker via COMTEX) --
TVU Networks Corporation, a provider of broadcast organizations around the globe with wireless electronic newsgathering and internet broadcasting solutions, has secured a new round of investment funding from SoftBank Ventures Korea along with existing investors Altos Ventures and New Atlantic Ventures.
Deal Type Venture Finance
Sub-Category Growth Capital/Expansion
Deal Status Completed: 2013-02-19
Deal Participants
Target (Company) TVU Networks Corporation
Deal Rationale
The funding will enable TVU Networks to accelerate its industry innovation in IP-based video transmission, management and distribution solutions; further its market leadership in North America, Asia, the Middle East and Africa; and expand its global market presence in Europe and Latin America.
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