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Video Broadcasting App Meerkat Raises $12M

Video broadcasting app Meerkat has reportedly raised $12 million led by Greylock partner Josh Elman. The Series B round values Meerkat at $52 million, sources tell TechCrunch. The start-up is generating a ton of buzz, these days, particularly since Twitter just bought rival broadcasting app Periscope. Meerkat raised about $3.5 million in seed and Series A funding, in January.

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