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Reciprocal Completes $35 Million Mezzanine Financing

NEW YORK-- Reciprocal, a digital rights management company that enables content owners to secure their valuable content for distribution and sale via the Internet, completed a $35 million mezzanine financing. New strategic partners who have invested in this round include First Data Corp., Hewlett-Packard Company, Xerox Corporation, and TVT Records. They are joined by J. & W. Seligman & Co., Van Wagoner Funds, Sheng-Hua Venture Capital (the largest investment company in Taiwan), Aman Ventures, and MC Capital, a subsidiary of Mitsubishi Corp., as well as current investors Adams Capital Management, Chase Capital Partners, Constellation Ventures, Flatiron Partners, SOFTBANK Technology Ventures, Venrock, Microsoft, and Reuters. Reciprocal offers a scalable, digital clearing service that is multi-platform, multi-vendor, and multi-content compatible, and capable of handling millions of transactions per day.