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Note: The funds will be used to boost the online health information firm's content, sales, and advertising platform.
Healthline Networks will receive $14 million in a third round of funding led by Investor Growth Capital, the wholly owned venture capital arm of Investor AB. Other investors include GE/NBC Universal's Peacock Equity Fund, a joint venture between GE Capital's media, communications & entertainment business and NBC Universal, and Reed Elsevier Ventures.
Healthline Networks, a San Francisco-based company that provides health information services online, said it will use the funds to expand research and development, engineering, sales, and network services to meet the growing demand from a broad spectrum of consumer-focused media...