MSHOW.com Secures $26 Million Financing
MSHOW.com (http://www.mshow.com) announced financing of $26 million from investors KnowledgeNet Holdings and by Enron Communications and Sepulveda Capital.
The round also included investments from Blue Chip Venture Company, Citizens Capital and Sequel Venture Partners.
"These investments extend well beyond monetary commitments. Each company brings a strong expertise unique to its industry, whether it's Internet commerce, communications services or strategic investment practices," said Bob Ogdon, chairman and CEO of MSHOW.com. "We are pleased that our investors strongly support our vision to revolutionize human interaction and knowledge sharing. We believe these investors will play an important role in extending our lead in the web communications market."
The new cash influx will be used for marketing and product development efforts, says the company.
"Our investment in MSHOW.com is a great continuation of our investment strategy within the world of broadband services," said Kenny Slutsky, managing director of Sepulveda Capital. "This market is expanding rapidly and we are confident that MSHOW.com will continue to make strides as the interactive broadband services leader."