Wednesday, March 4, 2009

Steamboat Invests In Celebrity Site

Los Angeles-based Steamboat Ventures has set its sights on the celebrity web space, and is the lead investor in a new round of funding for Fanzter, which operates the celebrity products site Coolspotters.com. According to Connecticut-based Fanzter, Steamboat's Dan Beldy joins the firm's board of directors. Coolspotters is a web site which highlights which products celebrities are buying and wearing. The move is somewhat unusual for Steamboat, which usually does not invest in content businesses, but usually opts for investing in technology firms with applicability to the media business. Steamboat is the venture capital arm of Walt Disney.

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