Nexit Ventures Takes Stake In Mobile TV Software Firm Axel Technologies


Nexit Ventures, a mobile venture capital firm focused on wireless technologies and services, has made an undisclosed investment in Finnish mobile TV technology provider Axel Technologies. Existing investor, the government-owned Finnish Industry Investment, joined the unspecified round. Axel Technologies, which creates mobile TV middleware for both 3G based services and DVB-H services, will use the funding to develop its sales, marketing and customer support teams (release).

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