Leader Ventures Provides $5 Million in Equipment Financing to MobiTV

Leader Ventures, an investment firm offering blended debt and equity financing, announced today that it has provided $5 million of equipment financing to MobiTV, the leading provider and platform for content delivery over mobile and broadband networks.
"Millions of subscribers enjoy mobile and broadband entertainment services," said Patrick Gordan, managing director at Leader Ventures. "MobiTV gives wireless carriers and other operator partners the ability to deliver content almost anywhere," Gordan added.
"We are delighted to be working with Leader Ventures on our equipment financing," said Charlie Nooney, chief executive officer and chairman of MobiTV. "As we continue to expand our footprint and bring our services to an even larger audience, new equipment is essential to our goals of improving the performance of mobile television's content delivery infrastructure and delivering a richer, more rewarding media experience to viewers."
MobiTV is a leader in mobile content and services, developing and offering technology that powers an end-to-end managed network for content ingestion, encoding and optimized delivery over mobile and broadband networks. MobiTV's platform technology delivers live television, premium and primetime programming, video-on-demand, satellite and digital music services from top broadcast and cable television networks and major music labels through its carrier and operator partners to more than three million subscribers worldwide.
About Leader Ventures:
Leader Ventures is a private investment firm providing blended debt and equity financing to a diversified portfolio of private and public companies. With offices in San Francisco and Menlo Park, the firm invests primarily in the U.S. and employs a variety of loan plus equity structures to invest in companies at different developmental stages, across diverse industry segments. For more information, please visit http://www.leaderventures.com/.