Active Network raises $65M for sports community site
The Active Network, a San Diego, Calif. sports community site, has raised $65 million in a fifth round of financing, according to PE Hub.
Canaan Partners led the deal, and was joined by fellow return backers like ESPN, ABS Ventures, North Bridge Venture Partners, Comdisco and Charles River Ventures. New investors included Performance Equity and Tao Venture Partners.
Active, San Diego-based online community and provider of application technology for active lifestyle/sports groups, once filed to go public… Continue Reading
Veraz, a VoIP equipment provider, raises $10M more before IPO
Veraz Networks, a San Jose provider of VoIP equipment, has raised about $10 million more in venture capital, even it has registered to go public.
The round was reported to the Securities and Exchange Commission, and cited this morning by VentureWire (sub required).
Investors listed in the filing include Battery Ventures, Norwest Venture Partners, Levensohn Capital Management, KPCB Holdings Inc., ECI Telecom Ltd., Comdisco Inc., Star Bay Partners LP, Liberty Mutual Insurance Co. and Argonaut Holdings LLC…. Continue Reading