IT, VC, deals

$3M for Conduit Labs

Wade Roush 9/21/09

Regulatory documents filed September 15 show that Conduit Labs, the Cambridge, MA-based maker of music-driven online games such as Loudcrowd, has collected $3 million in new equity financing. Conduit founder and CEO Nabeel Hyatt told Mass High Tech that the funding came from Charles River Ventures of Waltham, MA, and Prism VentureWorks of Westwood, MA, who also provided Conduit’s $5.5 million Series A round in August 2007.

Wade Roush is Xconomy's chief correspondent. You can e-mail him at wroush@xconomy.com, call him at (617) 252-7323, or follow him on Twitter at http://twitter.com/wroush.