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Short Take: Medscape gets VC investment

Venture capitalists from Silicon Valley and Tokyo are teaming up to invest $7 million in Medscape, a medical Web site for physicians, healthcare professionals, and consumers. The financing, the first for Medscape from a third party, is led by Media Technology Ventures (MTV), a Silicon Valley fund affiliated with Associated Venture Investors of Los Altos. MTV is joined by Patricof & Co., a Manhattan-based international private equity firm, and CSK Venture Capital, a Japanese fund whose parent company, CSK, owns Sega.

Venture capitalists from Silicon Valley and Tokyo are teaming up to invest $7 million in Medscape, a medical Web site for physicians, healthcare professionals, and consumers. The financing, the first for Medscape from a third party, is led by Media Technology Ventures (MTV), a Silicon Valley fund affiliated with Associated Venture Investors of Los Altos. MTV is joined by Patricof & Co., a Manhattan-based international private equity firm, and CSK Venture Capital, a Japanese fund whose parent company, CSK, owns Sega.