Dow
     -89.23
12801.23
-0.69%
 |
S&P 500
     -9.31
1342.64
-0.69%
 |
Wil 5K
     +0.00
14000.51
+0.00
 |
Nasdaq
     -23.35
2903.88
-0.80%
 |
EAFE
     -1.03
53.27
-1.90%
 |
OPEC Oil
     +1.09
116.27
+0.95%
 |
10Y Yield
     +0.01
2.01
+0.42%
February 11, 2009 3:16 PM

P2P Firm Pando Raises $8 Million In Second Round

By
CBSNews
(PaidContent.org)  This story was written by Joseph Weisenthal.
NYC-based P2Per Pando Networks has raised $8.12 million of a planned $20.89 million second round, reports PE Hub. Names of the backers were not reported. The company last raised $7 million Intel (NSDQ: INTC) Capital, BRM Capital and Wheatley Partners in 2006. Founded by iVillage co-founder Robert Levitan, Pando helps power the NBC Direct download service. For users, it offers a free service, as well as a paid, premium offering faster speeds and no ads.


By Joseph Weisenthal

PaidContent.org
.
Scroll Left
Scroll Right More »
CBS News on Facebook
  • Building You a Better Morning

  • CBS This Morning

    "CBS This Morning," anchored by Charlie Rose, Gayle King and Erica Hill, airs weekdays from 7 to 9 a.m. ET and at the same time in other time zones.
    Learn more...