TMCNet:  TVU Networks secures venture financing

[February 20, 2013]

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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