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Index Stock Imagery grabs $4.5 million

Index Stock Imagery received $4.5 million, allowing it to close its $20 million mezzanine round. The New York-based company, however, was given a value by its investors that was more than 50 percent below its previous round, Chief Executive Bahar Gidwani said. Index Stock Imagery, which has raised a total of $30 million, received its latest investment from previous investors Meridian Venture Partners, J.W. Seligman, SCP Venture Partners, Polaris Fund, and Harbour Capital. The company has more than 3 million photos, graphics and other images on its Web sites from more than 1,700 artists. See complete list.

Dawn Kawamoto Former Staff writer, CNET News
Dawn Kawamoto covered enterprise security and financial news relating to technology for CNET News.
Dawn Kawamoto
Index Stock Imagery received $4.5 million, allowing it to close its $20 million mezzanine round. The New York-based company, however, was given a value by its investors that was more than 50 percent below its previous round, Chief Executive Bahar Gidwani said. Index Stock Imagery, which has raised a total of $30 million, received its latest investment from previous investors Meridian Venture Partners, J.W. Seligman, SCP Venture Partners, Polaris Fund, and Harbour Capital. The company has more than 3 million photos, graphics and other images on its Web sites from more than 1,700 artists.

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