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Fastpoint Games Acquired By Weplay

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WePlay, which is headed by Lane Soelberg, said the deal will launch it into the fantasy sports sector, allowing users of its site to create their own teams and play in fantasy leagues. Fastpoint Games was venture backed by Allen & Co., Weplay offers up an online social site aimed at coaches, parents, and players of youth sports.

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One Recovery Raises $1.49M

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Del Mar-based One Recovery , an online community site providing support for people recovering from addiction, has raised $1.49M in a funding round, according to a filing from the firm this week. One Recovery is headed by David Metzler, formerly a venture capitalist at Mission Ventures and investment banker at CIBC World Markets.

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RotoHog Partners With Hi5

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Los Angeles-based RotoHog is in a partnership with social networking site Hi5 , Hi5 announced last night, and is using RotoHog to power a new fantasy sports game called 2010 World Futbol Challenge. Rotohog is headed by Kelly Perdew, and backed by Allen & Co, Mission Ventures, DFJ Dragon and Sports Capital Partners Worldwide.

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RotoHog Launches Game With US Weekly

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The firm said it is launching a "Celebrity Fantasy League" game on US Weekly's web site. RotoHog is powering fantasy sports and other games for such partners as Disney/ABC, BA.com, NASCAR.com, LG Electronics, and others; the firm is venture backed by Allen & Co, Mission Ventures, DFJ Dragon and Sports Capital Partners Worldwide.

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MySpace Startups: Startups From MySpace Vets

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Los Angeles-based MySpace has been among the most visible of Southern California's Internet era success stories, although the site--now owned by News Corporation--has had its own share of ups-and-downs, as well as questions about its future. Venture backers : Anthem Ventures, the Mailroom Fund, Rincon Venture Partners.

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Nexiant Plans Major Upgrade

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The firm said it MRO (Maintenance, Repair, and Operations) software will include ability to control material usage at multiple inventory locations, better visibility and analysis across sites, tools to set up business rules, and more. The entire software will deploy on Microsoft's Windows Azure cloud. READ MORE>>.

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Venture Firm: We Missed That Networks In Motion Deal

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NIM, which was acquired last week for $170M, had been backed by venture firms Redpoint Ventures, Mission Ventures, and Sutter Hill Ventures. According to OVP's site, it was approached in 2005 by the CFO of a former portfolio company, who had made money for the firm twice before, begging the firm to invest.