Juno Receives $65 Million Investment
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Free e-mail pioneer Juno Online Services Inc. this week secured $65 million in new financing after selling preferred stock to a number of companies that include some of Silicon Valley's most famous names.
Juno was one of the first companies to offer free e-mail in what has become an intensely crowded market. However, unlike it's Web-based competitors, Juno's e-mail offering runs off a proprietary dial-up service. Juno says more than 6.5 million people have signed up for its free e-mail service.
Since launching in April 1996, the company has expanded its services to include pay offerings. Juno Gold allows members to include attachments in their e-mail and costs $2.95 a month. Juno Web is a consumer Internet access service that costs $19.95 a month.