Upon closer inspection it appears that you are correct. I interpreted "raised" as "extorted." That still may be the case (the cited source is a dead link) but I think you are right... particularly since some of the names listed are venture firms.

Whatever the case, IV is quite an enigma... founded by the creator of MS Research (which is a great group), funded by Reasonable People, but apparently sketchy as hell. I'm intrigued and will definitely be digging deeper into their story. Thanks for bringing them to my attention.