Multi-standard mobile TV technology firm Axel Technologies has raised 2.4 million euros ($3.06 million) in its second round of funding from returning investors Nexit Ventures and Finnish Industry Investment. The Finnish company plans to use the money for business and product development. Mobile TV is currently fractured thanks to the various technology standards services are currently built on. For example, while the EU has backed DVB-H as Europe’s defacto standard, a number of mobile TV services are built on competing technologies, most notably DVB-T, which allows handsets to receive regular terrestrial TV signals. Axel CEO Petri Kalske said in a release that multistandard mobile TV technology would allow device makers to manufacture gadgets that could be used worldwide, rather than making customized handsets for each region or market based on their specific mobile TV standard.