VStar Receives $15 Million in Venture Capital

Sherman Oaks-based VStar, producer of 1KTV, an on-demand mobile television network has announced that it has received $15 million in funding from Bessemer Venture Partners and Charles River Ventures, two notable industry venture capital firms. The investment was co-led by the firms. 1KTV’s on-demand television programming delivers, direct to the mobile phone, headline news, real-time sports scores, music and other sundry audiovisual content from brands including ABC News, ABC Entertainment, FoxSports, and the Weather Channel, as well as original programming produced specifically for mobile phone users. The company also said that it has appointed David Bluhm, former MForma co-founder, as CEO.