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Magnify Networks Nets Series A Venture Capital

Friday, August 07, 2009 5:53:00 AM PDT | VentureDeal Staff

New York, New York  --  Digital media company Magnify Networks has raised an undisclosed amount in his first institutional venture capital financing round.

Magnify is developing a platform "for businesses and users to create user generated video."

Investors in the round included Next Stage Capital, Active Angel Investors and other investors. The company did not disclose how it would use the funding proceeds.

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