Short Take: InfoBeat gets $3 million VC investment from GRP

Global Retail Partners, one of the largest retail industry capital growth funds, has invested $3 million in InfoBeat, a provider of personalized news via e-mail. The investment brings InfoBeat's total capital raised to $20 million. Forrester Research has projected that the email service industry will grow from $8.5 million to nearly $1 billion within the next four years.

July 8, 1998 1:55 p.m. PT

Global Retail Partners, one of the largest retail industry capital growth funds, has invested $3 million in , a provider of personalized news via e-mail. The investment brings InfoBeat's total capital raised to $20 million. Forrester Research has projected that the email service industry will grow from $8.5 million to nearly $1 billion within the next four years.