Blog Post

Kyte’s Second Round: $15 Million Led By Telefonica

SF-based video platform Kyte says it raised $15 million in a second round, officially putting a number on previously reported investments from Telefonica (NYSE: TEF), Nokia (NYSE: NOK), DoCoMo (NYSE: DCM), Swisscom, and Holtzbrinck Ventures. Om reported last week that Telefonica contributed $5.6 million to the round, but Kyte won’t confirm that number. Also participating was previous investor Draper Fisher Jurvetson, which led an initial $2.25 million last year, bringing the total to $17.25 — well above previously reported funding estimates of $10 million. The official name of the corporation is Decentral.TV, but it does business as Kyte, and is in the process of changing its official name to that. Release.

The funding was first revealed last night in a Kyte video done by Robert Scoble.