Lycos Ventures Invests $8 Million in Three Companies
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Lycos Ventures, an investment fund created by Lycos Inc. and a group of partners, made its first investments, in LifeMinders.com, a provider of free personal e-mail reminders, Conducent, a provider of free software and Fogdog Sports, a sporting goods e-tailer.
Lycos Ventures was created to identify and fund promising new companies with technology and content offerings that will add value to the Lycos Network and the Internet industry at large.
Lycos Ventures has invested a total of $8 million in LifeMinders.com, Conducent and Fogdog Sports.
In addition to this funding, LifeMinders.com and Conducent have strategic relationships with Lycos to provide content to the Lycos Network.
"By providing critical capital along with Lycos know-how and audience reach, we feel strongly that these companies will become shining stars."