Liberate Technologies, which makes interactive-TV software, has created a $50 million venture capital fund to invest in pre-IPO interactive-TV companies. Liberate hopes the fund will help seed the fledgling industry. The new Liberate Corporate Ventures fund also announced a $7 million stake in Two Way TV, an interactive gaming company. Liberate, which emerged from Oracle's former Network Computer spinoff, already has stakes in ICE Interactive, Diva Systems and Everypath.
Short Take: Liberate creates $50 million fund
Liberate Technologies, which makes interactive-TV software, has created a $50 million venture capital fund to invest in pre-IPO interactive-TV companies. Liberate hopes the fund will help seed the fledgling industry. The new Liberate Corporate Ventures fund also announced a $7 million stake in Two Way TV, an interactive gaming company. Liberate, which emerged from Oracle's former Network Computer spinoff, already has stakes in ICE Interactive, Diva Systems and Everypath.