US-based TVU Networks, a provider of mobile live broadcast solutions, has raised $4m of a $7.13m round led by SoftBank Korea Ventures.

SoftBank Korea Ventures (SBVK) has led a $4m of a $7.13m round of funding into TVU Networks, according to a recent filing

SBVK is a venture capital subsidiary of Softbank Group, a Japan-based technology and telecommunications conglomerate. There was also involvement from existing backers venture capital firms Altos Ventures and New Atlantic Ventures.

Greg Moon, chief executive and president of SBVK, said: “TVU has demonstrated the ability to achieve its technology leadership position with only a minimal amount…