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KNOWLEDGE ADVENTURE COMPLETES SECOND ROUND OF FINANCING; LEAD INVESTOR, MAYFIELD FUND, JOINED BY AT&T, PARAMOUNT AND INTEGRAL PARTNERS

 LA CRESCENTA, Calif., Aug. 16 /PRNewswire/ -- Knowledge Adventure Inc., a leading developer of multimedia educational software products, today announced the completion of a second round of financing. Participating in the financing were existing investor Mohr Davidow Ventures, and new investors Mayfield Fund, AT&T Venture Co., Paramount Communications Inc. and Integral Capital Partners. A total of $6.6 million was raised in this round.
 The company also announced that Michael J. Levinthal of Mayfield Fund was elected to Knowledge Adventure's board of directors. Levinthal is a general partner in Mayfield Fund, a Menlo Park, Calif.-based venture capital firm. Mayfield has helped start or finance more than 200 companies since 1969. Silicon Graphics Inc., Genentech, 3Com, Quantum and S3 are among some of the companies which have been associated with the Mayfield Fund.
 "We are pleased to have brought together a distinguished group of investors in this round," said Rod Turner, president and chief executive officer. "With this investment, we will be accelerating new product development, with five new products slated to debut in the next five months. We plan to complement those efforts with aggressive marketing and sales programs as well as building our presence in the international marketplace."
 Mayfield Fund, AT&T Venture Co., Paramount Communications Inc. and Integral Capital Partners, join earlier investors in Knowledge Adventure which include Software Venture partners, whose partner, William Lohse, is currently president of ZD Expos, a subsidiary of Ziff-Davis Publishing; Michael Dell, chairman of Dell Computers; Peirluigi Zappacosta, president of Logitech; and Mohr Davidow Ventures, a leading Silicon Valley investment firm. Lohse of Software Venture Partners and Jonathan Feiber of Mohr Davidow Ventures also serve on the Knowledge Adventure board of directors.
 Knowledge Adventure Inc. is headquartered in La Crescenta.
 -0- 8/16/93
 /CONTACT: Lynda Orban of Knowledge Adventure, 818-542-4200, ext. 122/


CO: Knowledge Adventure Inc. ST: California IN: CPR SU: PER FNC

LM-JL -- LA012 -- 2907 08/16/93 09:06 EDT
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Publication:PR Newswire
Date:Aug 16, 1993
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