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YouTube channel SBTV takes funding

UK youth entertainment YouTube channel SBTV has won private equity backing from London-based MiromaVentures, reportedly valuing the business at £8 million (€9.45 million).

According to a Guardian report, MiromaVentures is the first private investor in SBTV, which was set up seven years ago by then-teenager Jamal Edwards.

The channel started by focusing on urban music, and has since evolved into a broader youth lifestyle broadcaster.

SBTV currently has 360,446 subscribers and has notched up 189 million views to date on YouTube.