Heavy.com Raises Another Round; $12.3 Million In Fifth Round
By Rafat Ali - Thu 21 Dec 2006 03:38 PM PST
Heavy.com, the NYC-based broadband video firm, has received $12.3 million in its fifth round of funding, reports PEHub, citing SEC filings. Company investors in this round included previous investor Polaris Venture Partners and new investor Jacobson Investments.
Earlier this fall we started hearing tips about the company being up for sale, with the asking price of about $200 million...those rumors didn’t pan out and presumably the company decided to go ahead on its independent path. It raised $10 million in a previous round late last year. Polaris owned about 25 percent after that round, and possibly raised it by another double digit figure with this new round.
