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e-solutions Software, Edmunds.com, iBEAM Broadcasting, Infection Control Advisory Network, GoShip.com, LinuxMall.com, ONElist, DealTime.com, StartupNetwork.com, Collabria, CelebritySightings.com, HOTBANK, SOFTBANK Venture Capital, Politics.com, eVentures Group, Online Learning Network
ATLANTA–e-solutions Software Inc. the leader in the field of Customer Relationship Management (CRM) and e-commerce technology announced the completion of a $10 million equity financing round led by McLean, Virginia-based Blue Water Capital, a private investment group, and manager of the Blue Water Venture Fund II, L.L.C. e-solutions will use the funding to expand their sales and marketing efforts, and to complete additional software development for vertical industries.
LOS ANGELES–Edmunds.com, a third party automotive resource, announced it has secured an initial round of $10 million in financing from strategic and financial investors.
Primary investors in this round include General Electric Pension Trust and Rare Ventures, the venture capital unit of Rare Medium Group, Inc. (Nasdaq:RRRR). The funding will be used to further expand Edmunds.com’s infrastructure and marketing efforts.
SUNNYVALE, Calif.–iBEAM Broadcasting Corporation announced a third round of financing, totaling $42 million. This latest level of funding will help drive the expansion of the iBEAM sales force and network toward a goal of serving greater than 1 million simultaneous Internet users by 2001. The iBEAM Network currently has capacity to serve more than 300,000 simultaneous users.
The new round of investment comes from the existing investors, as well as several new strategic investors. The new strategic investors include Covad Communications (Nasdaq:COVD) and Microsoft. Intel Corporation, an investor in the previous round of financing, has taken a larger position in iBEAM. iBEAM’s existing investors including Accel Partners, CrossPoint Venture Partners, Liberty Digital, Media Technology Ventures and Stanford University.
Financial details were not disclosed.
MINNEAPOLIS — Infection Control Advisory Network Inc., a new Internet-based health information company lead by Dr. Michael Osterholm, announced the completion of a Series A Convertible Preferred stock offering with proceeds of $5.5 million. The financing, the largest undertaken by the Company thus far provides the capital necessary to develop the icanPrevent Internet product, planned to be launched early next year.
The investors in this round of financing include Delphi Ventures of Palo Alto, Calif.; Salix Ventures of Nashville, Tenn.; Twin Cities based Affinity Capital Management and a small group of qualified individual investors.
LOS ANGELES–Frank Creer, managing director of Zone Ventures, a venture capital firm specializing in Internet start-up companies, announced that it has funded GoShip.com.
GoShip.com provides e-commerce sites the ability to give their customers choice and value by providing shipping options. The GoShip.com rating service gives the consumers choice of carrier, delivery time and price based on zip code to zip code shipping.
Zone Ventures is the Los Angeles affiliate of the Silicon Valley venture capital firm Draper Fisher Jurvetson.
SANTA CRUZ, Calif.–SCO (Nasdaq:SCOC) announced it has made a significant investment and formed astrategic partnership with LinuxMall.com, a Linux e-commerce site and vendor-neutral Linux portal.
As part of its ongoing strategy to support the Linux and Open Source movements, SCO along with Hambrecht & Quist have committed to a substantial investment program, aimed at allowing LinuxMall.com to dramatically increase their growth. As a result of this investment, SCO becomes the largest external investor and will hold a seat on the board of WGS Inc., the parent company to LinuxMall.com.
ONElist Teams With seeUthere.com to Add Event Planning to Its Existing Suite of Internet Community Services
REDWOOD CITY, Calif.– ONElist, a provider of active Internet communities, announced an exclusive partnership with seeUthere.com, a premier provider of end-to-end online event planning services, to integrate event coordination services into its growing portfolio of enhanced community offerings.
ONElist received venture funding from @Ventures III, the affiliated venture capital arm of CMGI, Inc. (Nasdaq:CMGI) and Bertelsmann Ventures, the independent venture capital fund of Bertelsmann AG.
STAMFORD, Conn.–DealTime.com, an independent, online comparison shopping service, added new shopping categories including Flowers & Gifts, Health & Beauty, Jewelry, Kids & Toys and Office, and will be adding Pets and Hardware by the end of the month. The company also announced that it has signed agreements with Accompany and Zwirl so that DealTime.com users can search buying group sites in addition to major online retailers, classifieds, person-to-person auctions, and large auction sites, to find consumers the products they want at the prices they are willing to pay.
DealTime.com obtained its first substantial financing from Israel Seed Partners, with additional funding from Odeon Capital Partners, Nomura International plc., WaterView Partners, Advanta Partners, Israel Infinity Venture Capital Fund and Axiom Venture Partners.
BOSTON– StartupNetwork.com, an online recruitment site for high tech startups, announced the establishment of its Community Sponsorship Program. Through this unique program, corporate sponsors co-brand with StartupNetwork.com to market their professional services, enabling the Website to offer startup companies a rich selection of resources from national and regional services companies that support high technology. Current Community Sponsors include Forrester Research, Mazonson Inc., The Chubb Group of Insurance Companies, and Sterling Hager Inc.
MENLO PARK, Calif.–Collabria Inc., a provider of eBusiness solutions for print buying and print production management announced that it has joined in a strategic relationship agreement with PrimeSource, the U.S. distributor of Xeikon Digital Printing systems. Under the agreement, PrimeSource will develop an interface specific to Xeikon digital presses for the Collabria eCommerce service, called PrintCommerce.
Collabria is funded by Bessemer Venture Partners, Weiss, Peck & Greer, and Internet Capital Group.
MARINA DEL REY, Calif.–CelebritySightings.com, a teen entertainment portal, and Guidance Solutions Inc., an online business developer, have teamed-up to produce Teen Entertainment News Television (“T.E.N. TV”), the first weekly Webcast expressly developed for teens.
Since 1993, Guidance has developed more than 30 e-businesses and has recently formed multiple venture partnerships which have produced Internet companies such as eNutrition.com, RightStart.com, and CelebritySightings.com, among others.
SOFTBANK Venture Capital Announces HOTBANK Incubator
MOUNTAIN VIEW, Calif.–SOFTBANK Venture Capital, which manages venture capital funds focused primarily on early-stage Internet companies, announced the creation of HOTBANK, the fund’s new incubator.
The HOTBANK community will provide thought leadership, strategy development, team building, partnerships, and a suite of business services that dramatically accelerate the growth of SOFTBANK Venture Capital’s portfolio companies. HOTBANK is located in SOFTBANK Venture Capital’s new Mountain View headquarters to allow for frequent interaction with its directors, associates, and Entrepreneurs-in-Residence.
www.softbank.com or www.sbvc.com
Who’s Who & Where
MOUNTAIN VIEW, Calif.–SOFTBANK Venture Capital, which manages venture capital funds focused primarily on early-stage Internet companies, announced the appointment of Rayna A. Brown, a veteran Ziff-Davis human resources executive, as a Managing Director to the current fund.
www.softbank.com or www.sbvc.com
NEW YORK–Burt Alimansky, venture capital specialist and founder of the well-known New York Venture Group, has joined the board of directors of Politics.com Inc. (OTC BB: POCO), the Internet company announced.
www.politics.com or www.politicaljunkie.com or www.elections.com
eVentures Group Names Jan Robert Horsfall Chief Internet Strategist, Member of the Board
DALLAS–eVentures Group Inc. (OTCBB:EVNT) announced the appointment of Jan Robert Horsfall to the Board of eVentures Group and to the post of Chief Internet Strategist at eVentures.
eVentures Group is an Internet venture capital holding company focused on next-generation Internet communications and business-to-business communications enterprises.
Online Learning Network Inc. Founded
OLYMPIA, Wash. — Chris Hedrick, former Technology Policy Advisor to Washington state Governor Gary Locke, has been named president and CEO of Online Learning Network Inc., a new Olympia-based start-up focused on providing dynamic, personalized learning experiences over the Internet.
Online Learning Network’s first web site, http://www.OnlineLearningGuide.com, has been named the official ratings and reviews service for Internet-based courses available through Paul Allen’s new online learning portal, www.click2learn.com.
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