ComVentures Merges With Velocity Investment Group To Form $1.5B Fund

By Nikhil Pahwa Dec. 18, 2007, 11:28am 1 Comment

Venture Fund ComVentures, which has investments in NDTV Networks Plc ($20 Million), the UK based subsidiary of BSE listed NDTV, and Rajat Sharma’s India TV ($11.5 million through Fuse+Media), has merged with the Velocity Investment Group to form Velocity Interactive Group. The Velocity Investment Group was formed just four months ago by former FIM (NYSE: NWS) president Ross Levinsohn and former AOL (NYSE: TWX) chairman Jon Miller. VIG intends to raise another round of funding in 2008, and is looking to invest