RealTime IT News

Investors Put $9M into Inc., parent company of and, said it has received more than $9 million in first-round funding from private investors.

Also, the company named Preston Bealle as president and CEO.

He had been president and CEO of Jumbo Inc., an entertainment and shareware site, until it was sold to Mecklermedia, now

Before that he was director of online advertising for Poppe Tyson, which later merged with Modem Media.

Marvin Azrak, executive vice president of, said that Bealle has the support of the company's primary investors and that his appointment was instrumental in obtaining more than $9 million in an initial round of private funding.

Funding details were not disclosed. Inc. is an Internet-based retailer of baby furniture and baby gifts that maintains more than 1,700 SKUs including brands such as Graco, Cosco, Combi and Evenflo. claims two million monthly page views and 500,000 unique users a month.