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BtoB

Manta, Bizo secure venture fund infusions

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Columbus, Ohio—Small-business online community Manta Media has received $44 million in equity financing from existing investor Norwest Venture Partners. Manta has raised $61 million in funding to date. The site, which last month added social networking to its directory service, now has 89 million members who use it for marketing and vendor sourcing. Manta did not say how it planned to use the money. In addition, business targeting company and ad network Bizo Inc., based in San Francisco, has raised $10 million in a second round of financing, in a deal led by Crosslink Capital and existing investors Bessemer Venture Partners and Venrock To date, Bizo has raised $20 million total—$16 million in equity and $4 million in debt. Bizo said it would use the funding to expand its sales and marketing efforts and extend its platform.
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