StarMedia raises $12 million

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Latin American online network StarMedia Network raised $12 million in a second round of financing, the company announced March 9. The financing was led by first round backers Chase Capital Partners and Flatiron Partners, and included the following additional investors: Intel Corp., BancAmerica Robertson Stephens' Bayview Investors Ltd. and a consortium of other investors.

Copyright March 1998, Crain Communications Inc.

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