P2P Firm Pando Raises $8 Million In Second Round

(PaidContent.org)  This story was written by Joseph Weisenthal.

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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.