×

Once registered, you can:

  • - Read additional free articles each month
  • - Comment on articles and featured creative work
  • - Get our curated newsletters delivered to your inbox

By registering you agree to our privacy policy, terms & conditions and to receive occasional emails from Ad Age. You may unsubscribe at any time.

Are you a print subscriber? Activate your account.

Beenz.com completes private placement financing of $24 million

Published on .

Beenz.com, creator of beenz Web currency, received an additional $20 million in its third round of private funding, in the form of Series A convertible preferred stock, from several investors including Japanese communications and retailing company Hikari Tsushin, Oracle Corp. CEO Larry Ellison and Gefinor Group. The funding will go toward growth and expansion, marketing and developing the beenz technology. Prior to this round, the company raised $3.8 million in seed capital.

Copyright September 1999, Crain Communications Inc.

In this article:
Most Popular