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3L Capital Raises $217M For New Investments

Los Angeles- and New York-based 3L Capital, a new venture capital investment fund co-founded by former Demand Media CEO Shawn Colo, has raised $217M in a new investment round, the firm said today. The startup investor has already been busy making investments in Los Angeles area startups, and already has investments ChowNow, login in order to access this members-only content, or become a member.