USA.Net closes $23 mil round of financing

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Web-based e-mail provider USA.Net, raised nearly $23 million in a round of financing. Netscape Communications Corp. is among the new investors. Previous investors in the company are American Express Co. and Premiere Technologies. USA.Net, which generates revenue from online advertising, content distribution and service fees, plans to use the money to increase its market share.

Copyright September 1998, Crain Communications Inc.

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