Kyte.tv raises single-digit millions for online TV channel service

Kyte.tv, the San Francisco company that lets users manage their own TV channels online or on a cell-phone, has raised a second round of financing in the “single-digit” millions of dollars.

Swiss carrier Swisscom and German media group Holtzbrinck Ventures has invested in the round, Chief executive Daniel Graf told VentureBeat. He would not disclose the exact amount. The investment follows the launch of Kyte last month. Some 3,000 users have since downloaded the player, Graf said. The funding comes after a $2.25 million investment last year from Draper Fisher Jurvetson, Draper Richards and Skype co-founder Niklas Zennstrom. (Here’s our most recent coverage, and link to the VentureBeat Kyte channel we showed off at the time).

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Other investors in the latest round include “angel” investors Klaus Hommels, Oliver Jung, and Peter Schüpbach.

It’s just the latest new media investment for Holtzbrinck, which has become the German equivalent of News Corp. in terms of making Web 2.0 investments and acquisitions. Its portfolio includes studiVZ, Germany’s Facebook.