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Magnify Nets $1.2M From VCs and Angels

Tuesday, February 13, 2007 7:30:00 AM PDT | VentureDeal Staff

AUDUBON, PAMagnify.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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