Tuesday, February 13, 2007 7:30:00 AM PDT | VentureDeal Staff
AUDUBON, PA – Magnify.net received $1.2 million in new venture backing from angel and VC firms.
NextStage Capital L.P. co-led the round with the New York Angels. Additional investors included Active Angel Investors and Stage 1 Ventures LLC of Waltham, MA.
Magnify.net enables people to find and share user-generated videos on the Internet. The company said it intends to use the proceeds to exit from public beta and accelerate its growth.
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