DealTime.com secures $20 million in financing

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DealTime.com, an independent online comparative shopping service, has secured $20 million in a second round of financing. Investors include Nomura International, WaterView Partners, Odeon Capital Partners, Advanta Partners, Israel Infinity Fund and Axiom Venture Partners. DealTime.com will use the new financing for working capital, business development and an aggressive marketing campaign to build widespread consumer brand awareness. Separately, Dealtime.com named Ignacio J. Fanlo chief operating officer-chief financial officer, from managing director at Morgan Stanley Dean Witter Co., and Lance Podell as VP-marketing and business development, from head of business development and advertising with U S West's MediaOne Group.

Copyright September 1999, Crain Communications Inc.

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