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Web TV Provider Narrowstep Raises $7.4 Million

Authored by Mark Hefflinger on February 23, 2006 - 3:05am.
London - Narrowstep, a provider of streaming Internet TV channels, announced on Thursday that it has raised $7.4 million in new funding, through a private placement of its shares with investors. London-based Narrowstep provides delivery of video content over the Internet through its TelVOS platform. The company has launched over 70 channels, for customers including U.K. broadcaster ITV, the Torino 2006 Paralympic Winter Games, Sail.tv, London TV and Cycling.tv. The proceeds will be used to fund the company's business plan and future growth.
tags: Raise | Narrowstep | Web TV | Provider | $7.4 Million |