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Media OLX New York-based OLX, a free local online-classifieds site, has closed a $13.5 million Series B financing. Investors in the round included General Catalyst Partners of Cambridge, Mass., Bessemer Venture Partners of Menlo Park, Calif., Founders Fund of San Francisco and DN Capital of London. The company has raised a total of $23.5 million. The investment allows OLX to make site improvements and global deployments, as well as for acquisitions and marketing. OLX's online classifieds allow rich media within listings, with pictures and videos, social networking capabilities, and access from mobile phones. Networking RGB Video networking company RGB Networks of San Mateo, Calif., has closed a $20 million Series D funding that values the company at $200 million, an 82% increase over its $110 million valuation in June 2006. The funding was led by new investor Institutional Venture Partners of Menlo Park, Calif., joined by Accel Partners of Palo Alto, Calif., Comcast Interactive Capital of Philadelphia, Kleiner Perkins Caufield & Byers of Menlo Park, Calif., and Focus Ventures of Palo Alto, Calif. RGB Networks develops video processing products that allow operators to optimize bandwidth without rebuilding their networks. The company will be used for domestic sales efforts and to expand into Asia and Europe. Internet Realtime Worlds Realtime Worlds Ltd., a Scotland-based developer of multiplayer online video games, has raised $50 million in Series B funding. The round was led by Maverick Capital, joined by returning investor New Enterprise Associates and WPP Group. The investment will be used for growth and expansion and to develop new online gaming properties. Telecom equipment Redfern Low-cost optical component developer Redfern Integrated Optics Inc. has secured $7.5 million in funding led by Australia's Southern Cross Venture Partners. The funding also included Tallwood Venture Capital of Palo Alto, Calif., and Jolimont Capital of Melbourne, Australia. The Santa Clara, Calif.-based telecommunications equipment maker develops optical transmitters that enable transceivers and transponders to deliver telecommunications services at comparable cost to cheaper digital data communications chips. The money will be used for marketing efforts and to ramp up production of chips for use in telecommunications and data communications equipment.
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