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Space.com secures $50 million in second round of funding

Published on .

Space.com (www.space.com), a Web site devoted to space, raised $50 million in its second round of funding. SpaceVest led the round of venture funding, joined by Blue Chip Venture Co. and PaineWebber, as well as first round investors Venrock Associates and Greylock. These investors join NBC, which announced the week of March 20 that it had acquired a minority equity stake in Space.com. The investment will be used to fund Space.com's continued growth, consumer branding, international expansion and strategic acquisitions.

Copyright March 2000, Crain Communications Inc.

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