Multi-standard Mobile TV Tech Firm Axel Technologies Raises Second Round Of $3.06 Million

Multi-standard mobile TV technology firm Axel Technologies has raised 2.4 million euros ($3.06 million) in its second round of funding from returning investors Nexit Ventures and Finnish Industry Investment. The Finnish company plans to use the money for business and product development. Mobile TV is currently fractured thanks to the various technology standards services are currently built on. For example, while the EU has backed DVB-H as Europe

Comments have been disabled for this post