Video is hot. Social networking is cool. Combine the two, and you're faced with Kyte.tv, which Tuesday raised an undisclosed amount of money from Nokia Growth Partners. The San Francisco-based mobile and online video company helps users create television channels to share with friends. Nokia joins investors such as Skype Technologies SA co-founder Niklas Zenn ström's Atomic Ventures, Draper Fisher Jurvetson and others in an undisclosed round of funding.

The investment is undoubtedly nice for Kyte.tv, but a place on Nokia's handsets, preferably preloaded, or "on deck" in the industry parlance, would be even nicer. Kyte.tv founder Daniel Graf told SFGate.com's The Tech Chronicles blog, which noted that Nokia ships 450 million mobile devices a year, "Imagine the possibilities."

However, Nokia Growth Partners is a corporate venture fund that invests more with an eye on returns than with the goal of finding hot new technologies to bring into Nokia's product line. So despite making it through the venture arm's due diligence process, Kyte.tv still has to keep proving itself. —Stacey Higginbotham