BizRate.com Closes $20 Million Deal for Additional Funding From Hambrecht & Quist and Attractor.LOS ANGELES--(BUSINESS WIRE)--July 2, 1999-- BizRate.com (www.bizrate.com), the leading resource providing merchant ratings and information to help shoppers confidently buy online, has secured $20 million in second-round financing, the company announced Friday. Venture capital firm Attractor led the second-round financing, which also included Hambrecht & Quist and strategic investors. Mission Ventures and Media Technology Ventures, which provided first-round financing, continue funding BizRate.com. The new financing will fund the company's national advertising campaign and accelerate the development of enhanced site features. "BizRate.com sits at a critical point in the online buying process and is trusted by both online buyers and merchants," said Danny Rimer rim·er n. Variant of rhymer. of Hambrecht & Quist. "We're very pleased to invest in this increasingly powerful player in the e-commerce arena." "This additional funding will allow BizRate.com to build on its position as the nationally recognized trustmark for safe, efficient e-commerce, inspiring confidence in consumers and helping bring e-commerce to the mainstream," commented Farhad Mohit, president and chief executive officer of BizRate.com. About BizRate.com Los Angeles-based BizRate.com is the only company trusted by hundreds of online merchants to continuously collect direct customer feedback and transactional information on every purchase made. As such, BizRate.com is uniquely positioned to monitor e-commerce activity across the Web by soliciting information from millions of online buyers as they make their purchases each month. These buyers represent more than 20 percent of all online retail commerce. BizRate.com is also the leading consumer resource providing merchant ratings and information to help shoppers confidently and efficiently transact An earlier e-commerce system for the Web from Open Market that included order capture and secure order fulfillment using credit cards, ecash and other payment systems. It included customer service and subscription administration capabilities as well as an integrated database for reporting online. Attractor Background Attractor was founded in November 1996 by Gigi Brisson and Harvey Allison to invest in both late-stage private companies and public companies. Private investments include VeriSign, USWeb, AdForce, Marimba marimba: see xylophone. marimba Xylophone with resonators under each bar. The original African instrument uses tuned calabash resonators. In Mexico and Central America, where it was brought by African slaves, the wooden bars may be affixed to a , Intraware, Critical Path and Vignette Vignette A symbol or pictorial representation of the corporation on a stock certificate. Usually a complicated and artistic design, it is meant to make the counterfeiting of stock certificates as difficult as possible. , all now public. Other private investments include Garden.com, Remarq Communities, tickets.com and Sandpiper sandpiper, common name for some members of the large family Scolopacidae, small shore birds, including the snipe and the curlew. Sandpipers are wading birds with relatively long legs and long, slender bills for probing in the sand or mud for their prey—all Networks. Attractor manages more than $300 million. Hambrecht & Quist Background Hambrecht & Quist is a leading underwriter of public equity, and a leader in merger and acquisition advisory and private equity services for growth companies in the technology, health-care, services and branded consumer sectors. H&Q has completed more than 380 equity offerings globally since 1995, raising more than $27 billion for emerging growth companies. H&Q's principal offices are in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and Boston, with additional offices in Europe, Asia and Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, , and a strategic partnership in Israel. Its Web site is www.hamquist.com. |
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