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New in the News

Arbinet Communications, AwayMed.com, Digigram, eFORCE, EpicEdge, giftkits.com, GoCo-op, Paccar.com, Protocol Communications, zipRealty.com

 




Arbinet Raises $30 Million from Syndicate of Global Financial Institutions

NEW YORK-- Arbinet Communications Inc., an exchange for telecommunications capacity, received $30.45 million in a second round private equity financing for a minority stake in the company. The investor syndicate included J.P. Morgan Capital Corp., Chase Capital Partners, BancBoston Ventures, ComVentures, Bedrock Capital Partners, Internet Capital Group (NASDAQ: ICGE), and funds affiliated with Robertson Stephens, Soundview Technology Group, and Deutsche Banc Alex. Brown.

http://www.arbinet.com




zipRealty.com Raises $16 Million

BERKELEY, Calif.--zipRealty.com, an online real estate brokerage, raised $16 million second-round financing. Prominent Silicon Valley venture capital firm Benchmark Capital was the lead investor. Previous investors Vanguard Venture Partners and Barrington Partners also participated in the round. zipRealty.com also announced that Bob Kagle, general partner at Benchmark Capital, has joined its board of directors.

http://www.ziprealty.com




GoCo-op Completes Successful Round of Financing

MAITLAND, Fla.-- GoCo-op, a company that develops and hosts Internet-based procurement systems and vertically integrated, business-to-business trading communities, secured $5 million in financing from Invemed Associates LLC and Safeguard Scientifics. GoCo-op will receive an initial $5 million with an additional $23 million in financing upon the successful completion of one of its current pilot programs underway with a number of international hotel chains. GoCo-op was internally funded for four years.




AwayMed.com Raises $1.2 million in Third Round of Angel Financing

RALEIGH, N.C.-- AwayMed.com, a company providing an online extension of physician care, closed its third round of angel financing. The company