New York - Next New Networks, a distributor of Web video "micro-networks," announced on Thursday that it has raised $8 million in seed financing, led by Spark Capital.
London - U.K.-based video game developer Codemasters announced on Friday that Chirs Deering, former chairman and CEO of Sony Computer Entertainment Europe, has joined the company's board as non-executive chairman. Codemasters also announced that venture capital firm Benchmark Capital Europe has increased its investment in the company. Benchmark acquired 40% of the company in April 2005, and has now increased its stake in Codemasters to 70%.
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