Made Television, a London, UK-based broadcaster, raised £3.5m in funding.
Ariadne Capital made the invesmtent.
Founded in 2012 and led by City TV pioneer Jamie Conway, and chaired by former BSkyB executive and Top Up TV co-founder Ian West, Made Television holds TV licences for Bristol, Cardiff, Leeds, Middlesbrough and Tyne & Wear. Its channels in Bristol and Cardiff are on air, with Leeds, Middlesbrough and Tyne & Wear launching shortly.
The company has joined forces with broadcast systems integration specialist Megahertz to design and implement production, news and production units for five new stations, together with a centralized playout facility.
Made Television will also be working with other broadcasters and content creators, including the BBC, which will be a purchaser of the news in those cities to supplement their own regional programming.