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DoDots Closes Second Round of Funding with $15 Million from Blue Chip Investors Chase, SOFTBANK, Merrill Lynch, and Staenberg Venture.

Business Editors/High-Tech Writers

SUNNYVALE, Calif.--(BUSINESS WIRE)--Aug. 16, 2000

DoDots, Inc., a digital infrastructure company, today announced the completion of its second round of funding, having won another show of confidence from top-tier investors. New investors Chase Capital Partners, Merrill Lynch, Staenberg Venture Partners and Joe Vetter invested a total of $15 million, along with prior investor SOFTBANK Venture Capital. Charles Walker of Chase Capital Partners also joined the board of directors, alongside Heidi Roizen of SOFTBANK Venture Capital. With this new investment, DoDots will advance its infrastructure technology, expand its international operations, and accelerate acquisitions and hiring.

"DoDots is a fundamental opportunity, and the company has made astronomical progress since the first round," said Heidi Roizen, managing director for SOFTBANK Venture Capital's Technology Fund and a DoDots board member. "We are excited about having this additional slate of premium investors on our team, and look forward to working with them to make DoDots a global success story."

"DoDots is the emerging leader of next generation Internet infrastructure companies," said Charlie Walker, a partner at Chase Capital Partners, and newly appointed DoDots board member. "The strength of the patent-pending technology, the quality of the management team and its impressive list of customers make it clear that DoDots offers businesses a successful vehicle through Dots(TM) to increase revenue, extend their brand and enhance their relationship with users online."

DoDots' robust and scalable business model includes a diversified set of revenue streams, such as technology licensing fees, revenue sharing, and user acquisition and distribution fees. DoDots began generating revenue day one of its Beta 1.0 launch, March 13, 2000. As most revenue is usage or activity based, Dots generate revenue as they add value for DoDots' customers. Forty customers, including portals, ASPs, business-to-business and business-to-consumer customers, have signed on to date.

"As an infrastructure company that is already booking revenue, DoDots is well positioned as the leader in its space and has easily raised money in this tough current market," said Thomas Mazzucco, a director at Merrill Lynch.

"We're pleased to be backed by institutions as highly regarded as SOFTBANK, Chase Capital Partners, and Merrill Lynch," commented Tony Medrano, president, DoDots, Inc. "They are placing more than their money and blue chip reputations behind us -- Heidi Roizen and Charlie Walker are providing us with access to their portfolio companies and unique expertise as well."

DoDots provides companies with technology that enables content, applications and services to be branded, packaged and instantly distributed in Dots, which are available on the desktop with any application. Anything on the Internet can be delivered in Dots, such as streaming media, commerce, transactions, games, music, HTML and JavaScript.

Using DoDots technology, users collect Dots from customer Web sites, including ZDNet, CNET, iFUSE, BlueLight.com (Kmart online), Excite/Work.com, MapBlast, StartSampling, SherpaOnline, and KnowledgeTrack (visit http://www.dodots.com/partners/index.html for a complete list of customers). These collected Dots can then be turned on or off, re-sized, moved around, and grouped together on the desktop with the click of a mouse. Dots deliver content quickly and easily, providing the user with a highly flexible alternative to today's document-based model of the Internet.

About SOFTBANK Venture Capital

SOFTBANK Venture Capital works with the best entrepreneurs to create the most powerful companies of the Internet economy. SOFTBANK Venture Capital has $2.5 billion under its management, over 150 leading Internet companies in its portfolio, and an unparalleled investment team of former CEOs and entrepreneurs, technology pioneers, senior executives from major technology corporations, and leaders from the investment banking community. Companies in its portfolio include Art Technology Group, BUY.COM, E*TRADE, Interliant, iPrint.com, Net2Phone, PeoplePC, Preview Systems, Support.com and TeraBeam Networks. For more information, visit http://www.sbvc.com.

About Chase Capital Partners

The Chase Manhattan Corporation, with more than $370 billion in assets, is one of the world's premier financial services institutions, with operations in 48 countries around the globe. Chase has a top-tier ranking in all areas of investment banking, private banking, trading, and global markets activities as well as information and transaction processing. Chase is a leading provider of financial solutions to large corporations, financial institutions, government entities, middle market firms, small businesses, and individuals, and has relationships with more than 30 million consumers across the United States through products and services such as credit cards, mortgages, online banking, debit cards, deposit products, and auto loans.

About Merrill Lynch

Merrill Lynch is one of the world's leading financial management and advisory companies with offices in 43 countries and total client assets of about $1.8 trillion. As an investment bank, it is the top global underwriter and market maker of debt and equity securities and a leading strategic advisor to corporations, governments, institutions and individuals worldwide. Through Merrill Lynch Investment Managers, the company is one of the world's largest managers of financial assets. For more information on Merrill Lynch, go to www.ml.com.

About Staenberg Venture Partners II, L.P.

Staenberg Venture Partners II, L.P. (SVP) is a fund that invests in Internet, software, and telecommunications companies at all stages of development. Managed by Jon Staenberg, the Fund focuses on investments in the Pacific Northwest and Silicon Valley, building bridges and sharing resources between these two geographical hubs of thriving and emerging technologies. SVP is an entrepreneur's fund; all Limited Partners work in the industry, many playing influential roles. The Limited Partners are part of a virtual team, scoring deals on behalf of the Partnership, helping with due diligence, and taking advisory roles where appropriate with SVP portfolio companies. SVP provides more than just financial contributions; SVP helps to build active leadership teams and expert resources. In addition, the collective experience of its partners and advisors help drive market success of its companies.

About DoDots Technology

Dot technology enables companies to fully brand, package, and instantly distribute their content to consumers. The process of creating Dots is quick and easy. Dots can behave just like applications, so companies can use them to distribute new features and highlight new content. Dot technology is built on established Internet standards and utilizes existing communication protocols to ensure reliability, scalability, and a way to easily leverage existing web site content.

About DoDots, Inc.

Based in Sunnyvale, Calif., DoDots, Inc., was founded in early 1999 by George Kembel, Tony Medrano and John Kembel. The company is privately held, with funding from SOFTBANK Venture Capital, Chase Capital Partners, Staenberg Venture Partners and Merrill Lynch. Visit www.DoDots.com for more information.
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Publication:Business Wire
Geographic Code:1USA
Date:Aug 16, 2000
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