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Latin American site nets $11 million in funding

Published on .

The Guby Network (guby.com), a Latin American portal, has secured $11 million in financing from explorador.net, an affiliate of Explorador Capital Management, a San Francisco venture capital company focusing on Latin American companies. The Guby Network said the funding would go toward a three-year, $30 million ad campaign breaking in April from Y&R Advertising, Miami. The portal comprises search engines from Argentina, Brazil, Chile, Colombia, Mexico and Paraguay.

Copyright February 2000, Crain Communications Inc.

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