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Foodbuy.com wins $10.5 million in funding from @Ventures

Published on .

Foodbuy.com, a site for the foodservice purchasing industry, received a $10.5 million second round of venture capital led by @Ventures, the venture capital affiliate of CMGI, which is contributing $8 million. Foodbuy.com is positioning itself as the business portal for the foodservice industry, with services including purchasing and data management programs, order entry, online menu and recipe development, and staffing and accounting software solutions. CMGI recently launched @Ventures as a $1 billion business-to-business fund.

Copyright January 2000, Crain Communications Inc.

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