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NEW YORK Online video site Heavy.com is moving into new verticals and markets with a major new round of financing.
The New York-based site said it closed a $20 million financing round from Polaris Venture Partners, which invested $10 million in Heavy a year ago.
The capital infusion will be used to expand Heavy, a video site geared toward 18-34-year-old males, into new brands, including a sports site and teen destination, said Simon Assaad, co-CEO.
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