Portland, OR-based 800.COM Inc., an online retailer of consumer
electronics and home entertainment products, secured $16 million in private
funding in a second round of financing.
Trinity Ventures of Menlo Park, CA, which led the round, was joined by other
principal investors Asia Pacific Ventures of Menlo Park; Vulcan Ventures of
Bellevue, WA; and Stanford University of Stanford, CA. Olympic Venture
Partners and CB Capital LLC, first-round investors, also participated in this
second round.
“We are very excited about securing such a large round of financing,” said
Greg Drew, founder and CEO of 800.COM. “This funding reinforces the momentum
800.COM is building as we continue to grow. . .”
“We’re very pleased to be one of the principal investors in 800.COM,” said
Jamie Shennan, general partner of Trinity Ventures. “It has proven its
leadership in the consumer electronics space by providing the tools consumers
want and need for purchasing these complex products.”
The funding will be used to further the company’s strategic partnerships and
marketing programs, both off-line and online, and to develop infrastructure
and pay for a staffing increase. In addition, 800.COM said it will use the
funds to expand content and community site offerings, as well as to enhance
product lines.
800.COM visitors can browse and search by product category, brand or keyword
and can participate in a community of interest by sharing feedback and
communicating directly with other users, manufacturers’ representatives,
800.COM staff members and other industry experts.
