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Avvasi Lands Series B Venture Capital Funding

Wednesday, February 03, 2010 5:36:00 AM PDT | VentureDeal Staff

Kitchener, Canada  --  Digital media company Avvasi has secured $14.7 million in its second round of venture capital funding.

Avvasiu has developed as yet unspecified technologies that it calls "next-generation video networking" advances.

Investors in the round included Celtic House, Ontario Venture Capital Fund and Tech Capital Partners.  The company said it would use the financing to accelerate its product release schedule.

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