AOL Ventures participated as a new investor alongside corporate venturing peer O'Reilly AlphaTech Ventures in the B round of Bit.ly.
Bit.ly, a US-based provider of shortened web links, has raised $10m in its series B round from a consortium including media group AOL’s corporate venturing division, according to the company’s blog.
AOL Ventures participated as a new investor alongside corporate venturing peer O’Reilly AlphaTech Ventures, which invests on behalf of O’Reilly Media, in the B round led by venture capital firm RRE Ventures. The remaining consortium members were angel investors or their networks, Founders Fund, SV Angel and Betaworks.
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