In a part-cash and part-equity transaction of an undisclosed amount, the Sweden-based site Stardoll - a girl teen-site backed by Sequoia Capital and Index Ventures - is taking over Piczo, the San Francisco, California-based social networking site focusing on adolescent users.

In the lately-announced early-stage 350 million Euro venture fund for Index Ventures, all the current limited partners of the London-based investing biggie re-upped their earlier investments. Index Ventures is a venture capital company, with its area of focus largely being investments in information technology and life sciences companies.