Internet TV platform provider Narrowstep completed a private placement of 42,040,000 shares of common stock and warrants raising $10,510,000. RENN Capital Group acted as lead investor in this transaction.

Narrowstep currently has more than 180 niche channels on its platform including Telefonica, Virgin Media, and SCI FI.

This entry was posted on Friday, August 10th, 2007 at 12:01 pm and is filed under Funding, IPTV, News, Streaming, WebTV. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.