Maven Networks Closes $10 Million Financing Round

Maven Networks, a broadband content production and delivery technology company based out of Cambridge, MA, has received a $10 million second round of venture financing. The round was led by Accel Partners, and General Catalyst Partners, the original investor in Maven Networks, also is participating in the round. With this investment, Maven’s total venture financing now exceeds $15 million. The new funding will enable Maven to “accelerate product development and expand its sales organization and marketing programs”.

Maven also announced that Jeremy Allaire, technologist-in-residence at General Catalyst Partners and former CTO of Macromedia, has joined Maven’s board of directors (He was helping the company as an advisor before this).

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