Kyte, the video-sharing and distribution site, has received investment from Nokia Growth Partners for an undisclosed amount. See our initial review of Kyte here.
The deal hits at an upcoming mobile distribution strategy for the video content, which is designed to offer more control from the user and a way of broadcasting multimedia content across the web. This really speaks to the desire of Kyte and Nokia to leverage mobile devices for Kyte content and contribution purposes. Kyte has gained a reported 4,500 collections of videos and photos since launching less than six weeks ago, and offers one of the most comprehensive video-sharing platforms for user-generated content.
Existing investors for Kyte include Swisscom and Hotzbrinck Ventures. Kyte rivals include Mogulus and Operator11, among others.