LookSmart raises $60 mil

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Internet directory LookSmart raised $60 million in a private equity placement. To date, LookSmart has raised $79.3 million. Investors include Amerindo Investment Advisors, Citicorp Equity Capital, Cox Interactive Media, Essex Investment Management, Hambrecht & Quist, Macquarie Bank Group, New Millennium Partners and Sand Hill Capital. LookSmart said the money would go toward consumer branding, strategic acquisitions and international expansion. San Francisco-based agency Rathje Chadwick & Co., is creating an ad campaign for LookSmart expected to launch in April.

Copyright March 1999, Crain Communications Inc.

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