X.com Scores $100 Million
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New investors include include Singapore-based Temasek, Vertex and Development Bank of Singapore; Japan-based Compass Partners and Hikari Tsushin; and TAMC of Taiwan. Additional investors include LabMorgan, J.P. Morgan's e-finance unit; funds managed by Capital Research and Management Co.; Digital Century Capital; and Bayview 2000, an affiliate of Robertson Stevens.
Previous investors include Sequoia Capital, Deutsche Bank, the Goldman Sachs Group Inc., idealab Capital Partners, and Elon Musk are participating in this round as well.
Madison Dearborn's Director Tim Hurd will join X.com's board of directors. X.com owes this latest round of investments to its success, having acquired over 1 million customers in the four months since its launch.
Last month, X.com merged with e-mail billing provider PayPal.com.