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ComVentures Merges With Velocity Investment Group To Form $1.5B Fund

By Nikhil Pahwa - Mon 17 Dec 2007 10:28 PM PST

Venture Fund ComVentures, which has investments in NDTV Networks Plc ($20 Million), the UK based subsidiary of BSE listed NDTV, and Rajat Sharma’s India TV ($11.5 million through Fuse+Media), has merged with the Velocity Investment Group to form Velocity Interactive Group. The Velocity Investment Group was formed just four months ago by former FIM (NYSE: NWS) president Ross Levinsohn and former AOL (NYSE: TWX) chairman Jon Miller. VIG intends to raise another round of funding in 2008, and is looking to invest “as little as $100,000, as much as $30 million.” More at our sister site paidContent.org.

Posted in: Mergers & Acquisitions, Venture Capital

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