VC Buzz – $302+ Million in Today’s Deals

leClick stock and $10 million in cash. DoubleClick received a warrant to buy another 15% of ValueClick within 15 months and will gain two seats on ValueClick’s board of directors. This funding will not alter ValueClick’s plans for additional financing or other sources of capitalization.

SAN FRANCISCO — CarStation.com, an e-commerce hub for the automotive services industry, secured an additional $32 million in venture financing, led by investors Goldman Sachs Group Inc. and Insight Capital Research. All of CarStation’s original investors also participated in this latest round of financing, following investments totaling more than $12 million in 1999. CarStation’s investors and business partners include Weiss Peck and Greer LLP, New Enterprise Associates and Marsh & McClennan Capital.

EL SEGUNDO, Calif. — iBenefits Inc., a developer of Internet-based employee benefits administration and enrollment tools, raised $10 million in its second round of financing, bringing the total amount raised since its founding in February 1999 to more than $12 million. This investment round was led by venture capital firm Trident Capital, and joined by Forrest Binkley Brown, Hales & Co. and Endeavor Capital.

MINNEAPOLIS — Advanced Telecommunications Inc., a Minneapolis-based integrated communications provider, completed an additional round of $10 million of private equity capital with Bain Capital, J. P. Morgan, and Stolberg Equity Partners. This brings the total financing package completed since October 1999 to equal $150 million. The total financing package is comprised of $85 million in private equity and $65 million in senior secured debt financing through General Electric Capital Corp.

ATLANTA– Intline.com, doing business as Media1st.com, secured $9 million in its initial round of venture capital investment. Media 1st is a technology-based global Internet broadcast company. Media 1st offers global Internet broadcast services that include private labeled channels and Mail1st.com (http://www.mail1st.com/), a free web-based e-mail service, as well as a branded video portal. The $9 million investment was primarily provided by three firms: Richland Ventures of Nashville, TN; TriVergent Communications of Greenville, SC; and Cordova Ventures of Alpharetta, GA. Jack Tyrrell, managing partner of Richland Ventures, and Jerry F. Schmidt, managing partner of Cordova Ventures, have been appointed members of Media 1st’s board of directors.

AMES, Iowa — eHARVEST.com Inc., a global business-to-business e-commerce co

mpany, entered into a funding agreement with vTraction, Rabobank (http://www.vtraction.com) to expand e-commerce offerings to the agriculture and food industries. The Netherlands-based Rabobank Group is a leading global bank for the agri-food business. vTraction’s investment of approximately $8 million will be used to expand eHARVEST.com’s e-commerce offerings across a full breadth agricultural commodities, inputs and food ingredients. eHARVEST.com presently provides the world’s most active pork industry e-commerce site. The company also has a strategic alliance with CNN’s U.S. food site, http://www.foodvision.com

WALTHAM, Mass. — Fact City, a new Internet service that responds to questions with answers, rather than with long lists of hyperlinks or related questions, received $5.5 million in a financing round led by ATV. Fact City partners with portals, search engines, and other web sites to deliver answers that are incorporated directly into the partners’ pages. With every answer delivered, Fact City includes the source and provides a link to the source’s web site.

SAN JOSE, Calif. — NETmachines Inc., a developer of Internet, e-commerce and Linux-centric appliance and communications solutions., announced that a significant investment from Wired & Wireless Global Communication Corp. has enabled NETmachines to expand operations into the European market. This investment includes an active involvement by Wired & Wireless to support European sales, marketing, manufacturing and logistics operations. Specific terms of the deal were not disclosed. Wired & Wireless Global Communication is a privately and closely held company with corporate offices in the UK and branch offices in the USA.

SUNNYVALE, Calif.– Resumix Inc., a provider of enterprise and Web-based staffing management solutions, accepted an additional investment from General Atlantic Partners LLC, a large private-equity investment firm focused exclusively on global information-technology and Internet-enabled businesses. The funds have been designated to support the expansion of Resumix’s Internet recruiting product line.

LONDON– ABN AMRO is to become an inaugural partner in CFOWeb.com, a business-to-business e-commerce portal for users of the international capital markets. Launched by Integral Development Corp., CFOWeb.com provides CFOs, treasurers and fund managers with a single source for independent valuations, indicative pricing, portfolio analysis and management and online trading of capital markets products. ABN AMRO will assist in the development of CFOWeb.com and provide foreign exchange and money market products for the portal. The bank is also acquiring a 2% equity stake in Integral, as part of its e-commerce private equity portfolio.

NEW YORK — Online Retail Partners LLC, which provides capital and a shared infrastructure of management and technology resources to enable branded retailers to establish successful e-commerce businesses, named Robert Seber as VP of Business Affairs. Seber has been a partner in the New York law firm O’Sullivan Graev & Karabell LLP. In a first round of financing completed in October 1999, Online Retail Partners raised $62 million.

CUPERTINO, Calif.– HelloBrain, the world’s first Intellectual Capital Exchange, named Dirk Smits as vice president of marketing and Nick Antonopoulos as vice president of sales. Smits was most recently executive vice president of marketing at Sandcraft. Antonopoulos was with National Semiconductor Corp., where he was vice president of strategic alliances and vice president of sales for the company’s subsidiary Mediamatics. HelloBrain has received venture capital funding from Brentwood Venture Capital, which recently merged with IVP to form Redpoint Ventures.

MOUNTAIN VIEW, Calif.– SOFTBANK Venture Capital, which manages venture capital funds focused primarily on early-stage Internet companies, announced that Monica Dodi, founder and CEO of AOL’s Entertainment Asylum, has joined the fund as an Internet Executive, focusing on investment opportunities in the convergence arena, primarily in Los Angeles.

NEW YORK– Bessemer Securities LLC announced that its board of directors elected Robert D. Lindsay as president and chief executive officer. Bessemer Securities LLC is the private investment company of the Phipps family. Bessemer Securities LLC and its private equity businesses, Bessemer Holdings L.P. and Bessemer Venture Partners, has available capital exceeding $3.5 billion. Lindsay will become the sole managing partner of Bessemer Holdings LP, a partnership through which Bessemer Securities makes structured private investments.

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