PlanetOut, a lesbian and gay portal, and America Online announced a three-year premier alliance across several AOL brands. Beginning immediately, PlanetOut will distribute its branded services, content and commerce features to AOL and CompuServe members, and also receive prominent placement as an anchor tenant in AOL's People Connection and AOL Hometown community and chat areas. America Online was the first outside investor in PlanetOut in 1996. In September 1999, PlanetOut secured $16.4 million in second-round funding from America Online, Mayfield Fund, Eden Capital and several key investors to fuel company growth and aid in recruiting management executives.
Copyright October 1999, Crain Communications Inc.