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BtoB

PartMiners gets $37.5M from Cahners, others

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New York--B-to-b e-marketplace company PartMiner Inc. Monday said it has raised a $37.5 million venture capital investment from Cahners Business Information, IHS Group and Onex Corp. PartMiner will use the funding to further develop its online electronics components marketplace, Free Trade Zone. This is b-to-b publisher Cahners' third separate investment in PartMiner. To date, the start-up has received $115 million in funding. When giant e-marketplace e2open.com launched earlier this summer, PartMiner saw its future flash before its eyes before negotiating a deal to provide sourcing and market-maker services to e2open last month.
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