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Short Take: Business.com raises $61 million

Business.com, which publishes a directory of online businesses, said it raised $61 million in a third round of funding from a group of investors including The Financial Times Group, Cahners Business Information and McGraw-Hill. The Santa Monica, Calif.-based company, which sprung from technology incubator eCompanies, plans to use the money to bolster the information on its Web site and expand internationally.

Tech Industry

Business.com, which publishes a directory of online businesses, said it raised $61 million in a third round of funding from a group of investors including The Financial Times Group, Cahners Business Information and McGraw-Hill. The Santa Monica, Calif.-based company, which sprung from technology incubator eCompanies, plans to use the money to bolster the information on its Web site and expand internationally.

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