raised $7.85 million in new funding from American Business Information, Korea Information & Communications Co., Altos Ventures, Brinson Partners, New Enterprise Associates and Hambrecht & Quist. This third round of financing will support sales and marketing of BigBook's Internet directory and Web site building operations. Additionally, ABI will license its database of 16 million U.S. Yellow Pages listings to BigBook and will make its List Wizard list service available through the BigBook site. ABI Chairman Vin Gupta joins BigBook's board of directors.
Copyright March 1997, Crain Communications Inc.