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Business News Media
SBTV secures new investment
By Chris Cooke | Published on Monday 21 October 2013
Urban-music-focused video channel SBTV has secured its first bit of private equity investment in a deal that values the YouTube-based business, founded by then teenager Jamal Edwards seven years ago, at £8 million.
Miroma Ventures has taken a minority stake in the video service, with Edwards planning on using the new investment to extend the range of content his company produces.
Meanwhile Miroma Ventures founder Marc Boyan said his involvement will allow SBTV to expand its employee base, and move more into e-commerce, mobile and live events.
