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Telly snags $8 mln, also buys Sha-Sha EntertainmentTelly said Thursday that it has closed $8 million in Series B funding. The investors were Cinemagic, Lumia Capital, Azure Capital, Draper Fisher Jurvetson, Felicis Ventures and Georges Harik. Also, the company has acquired Sha-Sha Entertainment, a Middle East entertainment provider. No financial terms were disclosed. Based in San Francisco, Telly is a social video site.
- Xtime Raises $23M From Bessemer, Lumia, RPM And Saints
Xtime said it raised $23 million in a deal led by Bessemer Venture Partners and joined by Lumia Capital and existing investors RPM Ventures and Saints Capital. The company said Jeremy Levine, a Bessemer partner, and DFJ Venture Partner Heidi Roizen have joined the board.