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Qik raises $5.5m for live mobile video broadcasting

Stuart Dredge
Qik raises $5.5m for live mobile video broadcasting

Mobile live-streaming firm Qik has raised $5.5m in a new funding round.

The round was led by Quest Venture Partners and CampVentures, along with other unnamed investors, according to VentureBeat.

As part of the funding, Qik has a new board member - Quest's Marcus Ogawa - while CampVentures' Justin Camp has joined the company as a board observer.

What Qik does with the money - other than spend it on hosting and bandwidth costs - will be interesting to see.

Although its mobile app has been available for some time, it's getting more of a push now through mobile application stores like Nokia's Ovi Store.

The company may also boost its user base soon if it releases an application for iPhone. Although it's already made a version available for jailbroken iPhones, it has yet to release it on the App Store.

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