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    Friday, January 25, 2008

    Velocity Services Gets $6.8M
    Velocity Services, and El Segundo-based firm which operates IPDG (Interactive Digital Publishing Group), an operator of consumer portals and other online properties, has quietly raised $6.8M in venture funding. The funding was disclosed in this week's PricewaterhouseCoopers/NVCA MoneyTree report. No details on the firm's investors has been announced, however the firm's board includes Eric Chen and Dr. Francis Chen of WI Harper. Velocity Services owns Mail.com and MovieLine.com; the firm's CEO, Jay Penske, co-owns the NASCAR Luczo Dragon Racing Team with Seagate Chairman Stephen Luczo.
    posted on Friday, January 25, 2008 (Link to more information)

    Related companies:
    Velocity Networks

    Related stories:
    > Velocity, ComVentures Merge
    > Velocity Interactive Group Adds Partner
    > FatTail Raises $3M
    > Generate Rounds Up $6M for Entertainment Studio
    > Mail.com Raises $32.39M

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