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GroceryWorks Completes $48.5 Million in Financing

DALLAS -- GroceryWorks, a Dallas-based online home fulfillment business specializing initially in high-quality grocery delivery, completed its first round of venture capital financing totaling $48.5 million. The Sprout Group, the venture capital affiliate of Donaldson, Lufkin & Jenrette Inc. (NYSE: DLJ), led the group. Other contributing firms included Enterprise Capital Partners, J.P. Morgan Investment Bank, Blue Rock Capital Partners and a group of private investors headed by Dallas-based Carl Wescott. The company named former Electronic Data Systems Corp. vice chairman Gary J. Fernandes as its president and chief executive officer.

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Ninth House Network Announces $40 Million Second Round Funding

SAN FRANCISCO - Ninth House Network, a broadband media network for e-learning, raised $40 million in second round equity funding. The funding was led by Chase Capital Partners and included Merrill Lynch, the Meta Group, Hambrecht & Quist, W. R. Hambrecht, Arena Capital and others. Ninth House Network created an