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Short Take: Webstakes.com gets $40 million

Online sweepstakes promotion company Webstakes.com has received a $40 million investment. Investors taking a stake include Excite@Home, XL Ventures LLC, The Travelers Insurance, NBC, Invesco Private Capital, Prospect Street Ventures, Allen & Company, Primus Venture Partners, The Chatterjee Group, Catterton Partners, Snapple co-founder Arnold Greenberg, as well as the firm Weiss, Peck and Greer LLC.

Online sweepstakes promotion company Webstakes.com has received a $40 million investment. Investors taking a stake include Excite@Home, XL Ventures LLC, The Travelers Insurance, NBC, Invesco Private Capital, Prospect Street Ventures, Allen & Company, Primus Venture Partners, The Chatterjee Group, Catterton Partners, Snapple co-founder Arnold Greenberg, as well as the firm Weiss, Peck and Greer LLC.