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Campus P2P Service Cdigix Raises Venture Capital, Names New CEO

Authored by Mark Hefflinger on October 20, 2005 - 9:27am.
Seattle - Cdigix, a provider of campus digital music and movie download services to over 30 colleges and universities, announced on Thursday that it has raised an undisclosed amount in a new round of venture capital financing, and that it has named former RealNetworks president Larry Jacobson as its new CEO. The investment round was led by Meritage Private Equity Funds and Novak Biddle Venture Partners, with additional participation from Iron Gate Capital. The new funds will be used to accelerate development and marketing of its services, and to increase content offerings. Finally, the company announced that it is in the process of moving its headquarters from Englewood, Colo. to Seattle, Wash.
tags: VC | New CEO | Cdigix | Campus P2P |