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Anthem Ventures Gets Second Exit In A Week

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Santa Monica-based Anthem Venture Partners has scored two exits in the last week, as Los Angeles-based Demand Media hit a homerun with its IPO Wednesday, and San Diego-based Plixi was acquired by Lockerz Thursday. READ MORE>>.

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AwesomenessTV Acquires Big Frame

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Los Angeles-based AwesomenessTV --which is now part of Dreamworks--has acquired Big Frame , another local YouTube network operator. According to AwesomenessTV, it will pay $15M in cash, including repayment of outstanding debt, for Big Frame, which will go to help bolster AwesomenessTV''s talent roster, executives, and talent managers.

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Scopely Raises $8.5M

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Los Angeles-based Scopely , the startup co-founded by Eytan Elbaz , Eytan Elbaz , Walter Driver and Ankur Bulsara, which is developing social and mobile games, said this morning that it has raised $8.5M It looks like all that bacon paid off.

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Buzz Media Inks Deal with Magazine

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Los Angeles-based Buzz Media , the online network of celebrity-focused web sites, announced today that it has inked a deal with OK! Buzz Media--which was formerly known as BuzzNet--is a venture backed operator of a network of pop culture, celebrity, and music-focused web content properties and blogs.

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ThisNext Gets New Funding

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Los Angeles-based social shopping site ThisNext announced this morning that it has raised a new round of funding, and inked a partnership with online advertising firm Federated Media. Clearstone Venture Partners and Anthem Venture Partners also participated. Amount of the funding was not disclosed. READ MORE>>.

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Four Sites To Add Adventure To Your Summer Travel Plans

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AdventureLink is backed by Allegis Capital, Anthem Ventures, and the Mailroom Fund, and is run by adventurer Jeff Dossett. This bootstrapped firm, based in Los Angeles, is the brainchild of Eric and David Bjorndahl. Demand acquired Trails as a part of its buy of Hillclimb Media back in 2006. Adventurelink [ Profile ].

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Buzznet Raises $12.5M More

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Los Angeles-based Buzznet , which operates a network of web sites focused on celebrities and pop culture, announced this morning that it has raised $12.5M and will rename itself Buzz Media. Buzz Media said it now has more than 40 million people visiting its web sites every month. READ MORE>>.

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