AMedia, publishers of aMagazine, has received $4.5 million in venture capital, which will be used to develop aOnline, an Asian-American Digital Network of civic, professional, and business organizations. The Web site, www.aOnline.com, debuted yesterday.
Investors include Himalaya Capital Ventures, the Shepherd Group, and Redwood Partners, among others. Amedia founder and chief executive officer Jeff Yang said, “aMedia is poised to become the center of a vast digital network of Asian American organizations which until now have lacked an online focal point.”
Network
