Battery Ventures leads $50 mln round for Blue Jeans Network

Blue Jeans Network said Wednesday that it has closed $50 million in new funding. Battery Ventures was the lead investor. Return backers Accel Partners, New Enterprise Associates and Norwest Venture Partners also participated in the financing. According to the company, the capital will be used for market expansion and product innovation. Headquartered in Mountain View, Calif., Blue Jeans Network is a provider of video communication services.

North AmericaUSBriefs