Significant resources for marketing and sales.
Published:
12 January 1999 y., Tuesday
Financial Web site TheStreet.com has started the new year rejuvenated. Officials announced Monday the publication has received of a $25 million in new financing. Oak Investment Partners led the round, which included Bowman Capital Management and Waller-Sutton Media Partners. The investment will be used to fund a provocative marketing campaign, a significant expansion of sales resources, an improved technology infrastructure and international expansion of TheStreet.com, the company said.
Monday_s investment follows a $10 million venture capital investment in May, 1998. All investors who had previously purchased stakes in the company made additional investments in this financing round. They include Chase Capital Partners, SOFTBANK Technology Ventures, Flatiron Partners and Pequot Capital Financing.
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