MobiTV Raises $30m

MobiTV Inc., an Emeryville, Calif.-based provider of mobile and broadband television and music services, has raised $30 million in additional Series C funding. The total round now comes in at $100 million, with a post-money valuation in excess of $400 million. Adobe Systems and Hearst Corp. came in as new backers, while existing shareholders include Oak Investment Partners, Menlo Ventures, Redpoint Ventures and Gefinor Ventures.