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Tech Industry

eLance snags $12 million in venture capital

The e-business company says it has raised the second-round financing from venture capital firm Kleiner Perkins Caufield & Byers.

E-business company eLance said it has raised $12 million in second-round financing from venture capital firm Kleiner Perkins Caufield & Byers.

In addition, Kleiner Perkins general partners John Doerr and Joe Lacob have joined eLance's board.

"eLance is a killer service for consumers and small businesses everywhere," Doerr said in a statement.

eLance was founded in late 1988. It allows businesses and individuals to buy and sell services that can be exchanged electronically. Buyers and sellers list services in categories such as data entry, consulting and Web design, among others.