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VC Buzz - $404.35+ Million in Today's Deals

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Anderson Unicom Group, bulbs.com, BuyMedia.com, Cephren, Chrysalis-ITS, clickdata.com, Commerx, ConnectSouth, Cruise411.com, Earjam.com, eFORCE, Fusient Media Ventures, Go2Call.com, Highland Capital Partners, IBM, IKANO, Imageon Solutions, KhiMetrics, Korea Thrunet, LatinForce.Net, MarketMAX, NoWonder, PassCall Advanced Technologies, Rainfinity, Tachion Networks, Web Capital Group, WholePeople.com

Deal News

ConnectSouth Secures Equity Funding of $100 Million

AUSTIN, Texas -- ConnectSouth, founded by Jeff Mucci, members of ConnectSouth management and Morgan Stanley Dean Witter Private Equity, obtained a $100 million equity commitment from an investment group led by Morgan Stanley Dean Witter Private Equity that includes Fleet Equity Partners and Waller-Sutton Media Partners. This investment commitment will allow ConnectSouth to build a broadband, high-speed DSL network in 80 cities, serving an estimated 5 million businesses throughout the region.


Internet Capital Group's Antes Up $45 Million for Stake in BuyMedia.com