Venture roundup: Reality Digital, Razz newly flush with cash
Venture capital is still flowing steadily for online media ventures. Here are several deals from the last day.
Reality Digital, a provider of white-label online video services to MTV Networks and Lonely Planet, said this week it raised $6.3 million in a second round of funding from OpenView Venture Partners. OpenView partners Scott Maxwell and Mark Barry will join its board of directors. The San Francisco-based company plans to use the funds to expand in Europe and the United States.
Razz, a San Francisco-based company that lets people record voice ringtones or put comments on photos, has called down $1.87 million of its $2.5 million Series B round of funding. Its investors include Mayfield, Garage Technology Ventures, and Greenpark Capital. Founded in 2002, the company has previously raised an estimated $10 million.
And German company Metaversum, which runs the virtual world Twinity, has drawn a new investment from Balderton Capital, formerly Benchmark Capital Europe. The company did not disclose terms of the deal, but characterized it as a multimillion-dollar deal in euros. Balderton had previously invested in Bebo and MySQL, which both recently sold to AOL and Sun Microsystems, respectively. With the funds, the company plans to launch Twinity globally. The virtual world is still in private beta.
