Raises Over $10 Million in Series B Financing

Aug 24, 2000, 01:00 ET from

    SAN FRANCISCO, Aug. 24 /PRNewswire/ --, the global hubsite
 for the life sciences industry, today announced it has closed a second round
 of financing totaling over $10 million.  Investors in the round include Alloy
 Ventures, Brentwood Venture Capital, Integrity Partners, Lombard Investments
 and Affiliates, Sanderling Ventures, Sequoia Partners and Sofinnova Ventures.
     "We're delighted with the results of our second round," said Scott Clarke,
 CEO of  "We raised more than our original goal by combining new
 investors with the partners that were key contributors in our first round.
 This is both a tremendous validation of our model and a significant vote of
 confidence to our progress thus far."
     The company has also released figures today revealing that the number of
 unique visitors to its hubsite has tripled since January of this year to a
 current rate of more than 600,000 per month. tracks over
 2.2 million page views on its site every month.
     Since the launch of its website in 1995, has invested over
 $14 million in building a global hubsite that offers a range of services
 targeting what the company has defined as the basic needs of the life sciences
 industry:  information, products & services, people, and capital.  In addition
 to creating one of the Internet's most comprehensive life sciences-related
 information and service resources, has worked in conjunction with
 the National Institutes of Health (NIH) to develop an award-winning end-to-end
 e-commerce solution for the industry.  The company was also recently chosen by
 the California Healthcare Institute (CHI) to design and host the
 organization's next generation Internet site.
     "This year has been one of setting and achieving milestones to expand the
 range of needs we fulfill for the industry, with the goal of creating a true
 one-stop content and commerce portal for the life sciences," said Mr. Clarke.
 "We believe that the continuing growth of our online community of users is a
 testament to the success of our efforts.  We will continue to enhance the
 range and caliber of our services."
     About the Investors
     To find out more about the investment firms listed on the release, please
 visit their websites.
     Alloy Ventures:   
     Brentwood Venture Capital:
     Lombard Investments:
     Sanderling Ventures:
     Sofinnova Ventures:
     About ( is the global hubsite for the life
 sciences industry.  The company provides a host of content and commerce
 services for the largest Internet community of life sciences professional,
 governmental and academic individuals and organizations.
 attracts over 2.2 million page views per month from over 600,000 unique
 visitors seeking real-time industry news & information, exclusive content,
 investment data, company profiles, stock quotes, start-up resources, event
 listings, employment & real-estate services, and an innovative
 business-to-business (B2B) supply solution developed cooperatively with the
 National Institutes of Health (NIH).  The company is dedicated to accelerating
 discovery in the life sciences by facilitating exchange crucial to the
 industry through the application of contextual commerce; an
 end-to-end e-commerce solution.