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    Thursday, May 28, 2009

    Velocity Interactive Teams With Best Buy On Digital Media Fund


    Velocity Interactive Group, the venture capital firm headed by Ross Levinsohn, disclosed today that it has raised a new, digital media fund which has Best Buy as its sole limited partner. Size of the new digital media fund was not disclosed. According to Velocity, the new fund will focus on strategic digital media investments which are complementary to Best Buy's portfolio. In conjunction with the new fund, Velocity said that it would rename itself Fuse Capital. Velocity has offices in Palo Alto, Los Angeles, India and China; the firm also currently manages the former ComVentures venture portfolio.
    posted on Thursday, May 28, 2009


    Related companies:
    Velocity Interactive FKA Comventures

    Related stories:
    > ComVentures, Velocity Merge Investment Firms
    > MixerCast Gets $6M
    > Velocity Venture Capital Raises $15M Fund, Targets Sacramento
    > Radar Networks Raises $13M in Series B Funds
    > Metacafe Names Former Fox Interactive Media COO To Board

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