WebChat secures financing

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WebChat Communications on Tuesday announced it has secured first round financing from Norwest Venture Capital. The amount of the investment is undisclosed. As part of the deal, Kevin Hall, Norwest general partner, has joined WebChat's board of directors. WebChat Broadcasting System (www.wbs.com) has more than 1.5 million registered members and offers about 200 chat rooms to its users. Softbank Interactive Marketing handles ad sales for the site; Honda, H&R Block, Kodak and Microsoft are among WebChat's current advertisers.

Copyright June 1997, Crain Communications Inc.

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