SB.TV channel valued at £8m

Jamal Edwards, the 23-year old founder of popular SB.TV YouTube channel, has brought on board his first private equity backer in an investment that values the business at £8m. The investment, from Miroma Ventures through founder Marc Boyan, will be used to accelerate SB.TV’s push into youth lifestyle broadcasting, ecommerce, events and merchandising. Miroma has reserved the right to invest a further £1m in SB.TV in the near future.