Phoenix Cos., Ohio National invest in AnnuityNet. (Technology Notes: Technology).AnnuityNet, which sells annuities online, said it has secured $7.5 million in a third round of funding and gained two new investors: Phoenix Cos. and Ohio National Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. . Since the company was founded in 1997, it's raised a total of $36 million, said Shane Chalke, founder and chief executive officer. The company was launched with $8.5 million in investments in 1998, followed by a $20 million infusion from investors in May 2000, he said. "We wanted to top off our balance sheet to leave no question in our customers' minds that we are healthy and viable," Chalke said. Phoenix and Ohio National join Conning Capital Partners, GE Equity, FBR FBR Friedman, Billings, Ramsey Group, Inc. (investment firm) FBR Fast Breeder Reactor FBR Federal Benefit Rate FBR Foundation for Biomedical Research FBR Foundation for Blood Research FBR Fluidized Bed Reactor Financial Services Partners, Lincoln Lincoln, city and district, England Lincoln, city (1991 pop. 79,980) and district, Lincolnshire, E England, in the Parts of Kesteven, on the Witham River. Financial Group and Chalke as investors in the company. The company's business is growing and now brings in $1.5 billion a month in annuity annuity: see insurance. annuity Payment made at a fixed interval. A common example is the payment received by retirees from their pension plan. There are two main classes of annuities: annuities certain and contingent annuities. sales, compared with a total of $2.1 billion for all of 2001, Chalke said. |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion