Dace Ventures Closes $70 Million Fund


Waltham, MA-based Dace Ventures, founded by former CMGI President and COO Dave Andonian, announced the closing today of its initial investment fund of over $70 million. The firm focuses on digital media, consumer marketing and mobile services companies whose products are approaching mass commercialization. Its portfolio companies include auctionPAL, CityVoter, Panraven, LocaModa, and (just announced today) Vitrue.

Wade Roush is a contributing editor at Xconomy. Follow @

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