INTELLISEEK, INC. RECEIVES $6 MILLION IN VENTURE CAPITAL FUNDING
Investment from Nokia Ventures L.P., River Cities Capital Funds and Chrysalis Ventures to Be Used to Speed Sales and Marketing Initiatives
July 1, 1999 - IntelliSeek, Inc. ™, creators of intelligent agent-based Internet knowledge management technologies, the award winning BullsEye™ product line and InvisibleWeb Catalog™, announced that it has secured $6 Million of Series A funding from Nokia Ventures L.P., River Cities Capital Funds, Chrysalis Ventures and additional investors. The money will be used to accelerate sales and marketing initiatives for the company's BullsEye product line, as well as its InvisibleWeb Catalog. IntelliSeek will open a Silicon Valley Sales and Marketing Office later this month.
About IntelliSeek, Inc.
IntelliSeek, Inc., founded in 1997, is a privately held company with headquarters in Cincinnati, Ohio that creates software solutions and services that enable users to harness, manage and leverage digital information distributed across corporate intranets as well as the global Internet. The company provides superior search technologies and services to portals, device manufacturers, web service providers, system integrators and consumers. Their award winning product line, BullsEye, addresses the problem of information overload and the difficulty of finding relevant information quickly online by integrating key search, management, analysis, reporting, tracking and automated alerts into a single application. IntelliSeek can be reached at 513-772-6900, 513-772-6996 fax, or via the company Web site at www.intelliseek.com.
About Nokia Ventures L.P.
Nokia Ventures L.P. is a US $150 million venture capital fund formed in 1998 to invest in early stage, hi-growth companies in the areas of e-commerce, information technology, and communications. Nokia Corporation, has invested in the fund with the express intent to gain exposure to learnings about new markets, business models and technologies beyond the reach of Nokia's current business unit strategies. Nokia Ventures L.P. seeks partnerships with leading-edge companies attacking high-growth market opportunities that will benefit from the combined resources, experience and contacts of the Nokia Ventures team and from the association with a world-class brand. For more information, please visit www.nokiaventures.com.
About River Cities Capital Fund
Formed in 1994, River Cities Capital is a family of venture capital funds, based in Cincinnati, Ohio. River Cities manages two private equity pools in excess of $140 million that focus investment activity primarily in the Midwest and Southeastern United States. They partner with exceptional management teams to build great companies that offer significant potential for growth, job creation and superior returns for investors and entrepreneurs. Their vision is of a three-way partnership among portfolio companies, investors and managers that creates new wealth, challenging career opportunities and great personal fulfillment. River Cities can be reached at www.rccf.com.
BullsEye, InvisibleWeb Catalog and IntelliSeek are trademarks of IntelliSeek, Inc. |