Updated: Online Avatar Firm Meez Backer Donnerwood Media Raises $5.4 Million Third Round

Donnerwood Media, the San Francisco-based company behind the Meez avatar/social networking service, has taken $5.4 million in funding from Battery Ventures and Transcosmos in its third round of funding, reports PE Hub, citing SEC filings (and not $500K as we reported yesterday). Started by former Rhapsody/Listen.com CEO Sean Ryan, the company got off the ground early last year with plans to sell users on premium, paid customizations to their avatars. The company also distributes the online game Tringo, notable for having originally launched in Second Life. It has raised two rounds before, the last one being a $4.3 million round.

Ryan corrects the amount in the comment below and also mentions this: “We did an equity round, a debt round and an acquisition.” We’re trying to find out about the acquisition.