San Jose, CA-based RemarQ Communities Inc., an ad-backed
provider of Internet discussion services, said it has received a $20 million
venture capital investment.
Investors include Attractor Investment Management, Benchmark Capital, Bowman
Capital Management, Capital Research Management, LG Capital and
Pivotal/Amerindo.
RemarQ connects millions of people with discussions via a distribution
network of more than 1,000 Web sites and ISPs. Users can research purchases,
ask and offer advice, and build relationships with their peers in more than
30,000 discussion communities.
“This significant level of backing recognizes RemarQ and our next-generation
discussion services as a pivotal step in the evolution of online community
building,” said Bill Lee, CEO of RemarQ.
RemarQ will use the new round of funding to expand research and development
and enhance its operations infrastructure. Last year, the company received $4
million in original funding from Benchmark Capital.
Current advertisers include eBay, Friend Finder (personals) and IT
information site TechRepublic.