Capital for Flashcom

A Westminster Internet service provider on Monday announced it had received a “seven figure” infusion of venture capital, a few weeks after a company promoting similar technology saw its stock soar.

Closely held Flashcom Inc. said the money from Woodside, Calif.-based Crosspoint Venture Partners will fund its plans to offer high-speed Internet connections nationwide.

Three weeks ago, Santa Barbara-based AvTel Communications saw its stock soar from $2.25 to $31 after announcing it would use the same technology, called digital subscriber line or DSL. The next day, the stock plummeted and last week the company was sued by two different groups of shareholders. Its stock closed at $7.13 Monday.