DBUSINESS.com GETS NEW FUNDING

Posted Tuesday, March 7, 2000 12:00 am

By: Staff Reports Times Mirror interactive Contributes

dbusiness.com, a Fort Lauderdale-based business news Web site, yesterday landed a
$16 million investment led by U.S. Equity Partners LP, a private equity fund
sponsored by Wasserstein Perella & Co.

dbusiness.com, which covers local business-to-business news, will use the new capital
to expand its network and to add e-commerce initiatives targeting small and
medium-sized businesses. dbusiness.com's current network covers local business news in
18 cities.

Other investors contributing to the $16 million include Baltimore-based Times Mirror
interactive (TMi) and TMCT Ventures, a venture capital fund.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Staff reports

(c) Copyright 2000, Editor & Publisher

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DBUSINESS.com GETS NEW FUNDING

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