Gaia, a virtual world for young people, raises $12M

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Gaia Interactive, a San Jose, CA-based virtual space “hangout” geared towards young people, has raised $12.01 million in its second round financing, according to a regulatory filing cited by PEHub. The round was led by DAG Ventures, which was joined by returning backers Benchmark Capital and Redpoint Ventures. This follows $8.93 million raised by Gaia last year.