Narrowstep Raises $10.5 Million for Internet TV

Narrowstep, which provides Internet TV services, raised $10.5 million through a private placement of its common stock. The company claims more than 100 corporate customers worldwide. RENN Capital Group acted as lead investor in this transaction. Other investors included David C. McCourt, the company's largest individual shareholder, and the company's Chairman and CEOhttp://www.narrowstep.com