Wired Ventures Secures $21.5 Million in Financing

SAN FRANCISCO -- Wired Ventures Inc., the Internet-related publishing company that canceled two separate initial public offerings in the past six months, said it has secured $21.5 million in private equity financing.

Wired refused to provide the terms it had to offer institutional investors for the financing. The amount is less than one-third the $75.9 million Wired first tried to get from the market, before poor investor response forced it to pull the offering last July. A second planned IPO, aiming to raise about $60 million, was withdrawn in October.