Digital Media VC


Trion World Network Raised $70 Million In Series C — Redwood City, Calif.-based publisher of server-based games, has raised $70 million in Series C funding. ACT II Capital led the round, and was joined by DCM, Trinity Ventures and return backers Rustic Canyon, Time Warner, Peacock Equity and Bertelsmann.

Adap.tv Raised $13 Million In Series B — San Mateo, Calif.-based platform to help online publishers monetize video content, has raised $13 million in Series B funding. Spark Capital led the round, and was joined by return backers Redpoint Ventures and Gemini Israel Funds.

Swaptree.com Raised $3.4 Million In Series C — Boston-based operator of a trading platform for books, CDs, DVDs and video games, has raised $3.35 million in Series C funding led by Safeguard Scientifics.

Cramster $3 Million In Series A — An online homework aid business based in Pasadena, Calif., has raised $3 million in Series A funding led by Shai Reshef, who has been appointed Chairman of the company.

Digg Raised $29 Million Third Round — Digg Inc., an Internet startup that specializes in rating news stories, is making a little news of its own with a $28.7 million round of financing. Highland Capital Partners and three previous Digg investors – Greylock Partners, Omidyar Network and SVB Capital – are providing the latest infusion. All told, Digg has raised $40 million since Kevin Rose started the service four years ago.

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