Rare Medium invests in Webcasting site

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Rare Ventures, the investment arm of Rare Medium Group, has invested $4 million in StreamSearch.com., a multimedia Internet company specializing in live events, sports, entertainment and pay-for-view. Rare Ventures will provide the backend Web development for StreamSearch.com. Two other venture capital investors, Brentwood Ventures and Advantage Capital, participated in the $9 million round of funding.
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