Flycast nets $17 mil in financing

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Flycast Communications Corp., San Francisco, has raised $17 million in its most recent round of financing. New investors included BellSouth Corp., SBC Communications, US West and Comdisco Ventures. Previous investors, including Bessemer Venture Partners, Charles River Ventures and St. Paul Venture Capital, also participated in the round. On another front, the Web ad network has named Ralph J. Harms its chief financial officer. Mr. Harms, now responsible for the company's finance and administration, previously had the same title at Baystone Software.

Copyright February 1999, Crain Communications Inc.

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