Kyte, a photo- and video-sharing startup, on Tuesday received funding from the private equity and venture capital arm of Nokia, the world's No. 1 cell phone maker.
Nokia Growth Partners invested in Kyte to help with the distribution of Kyte's video service, kyte.tv, which allows Internet users to create their own TV channel and broadcast it on Web sites, blogs, social networks, and cell phones. People can share Kyte channels with others or have other people take part in their shows by adding their own content, voting, and chatting live with other viewers.
Kyte is funded by top venture capital firms, including Draper Fisher Jurvetson, Draper Richards, and Atomico, whose principal visionary, Niklas Zennstrom, co-founded trendy startups like Skype and Joost.
Source: [via yahoo]
Friday, June 15
Kyte photo- and video-sharing startup - backed by Nokia
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