N2 Broadband Raises Cash

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N2 Broadband said it has secured $10 million in financing to help it grow revenue and become profitable.

Highland Capital Partners, a Lexington, Mass.-based venture capital fund, led the financing, with follow-on participation from AOL Time Warner Ventures, the venture-capital arm of the media giant. With the latest round of funding, N2 Broadband has raised a total of $17 million.

Highland managing general partner Dan Nova has also joined N2 Broadband's board of directors.

N2 Broadband provides video-on-demand delivery equipment designed to send and capture high-value content digitally and securely over satellite and land-line connections.

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