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Short Take: PlanetOut raises $16 million

PlanetOut, a Web site for content and services of interest to lesbians and gays, said it raised $16.4 million in its second financing round. Investors include the Mayfield Fund, America Online, Eden Capital, RealNetworks chief executive Rob Glaser, and Excite chief executive Joe Kraus. Kathy Levinson, president and chief executive officer of E*Trade, will join the PlanetOut board of directors.

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PlanetOut, a Web site for content and services of interest to lesbians and gays, said it raised $16.4 million in its second financing round. Investors include the Mayfield Fund, America Online, Eden Capital, RealNetworks chief executive Rob Glaser, and Excite chief executive Joe Kraus. Kathy Levinson, president and chief executive officer of E*Trade, will join the PlanetOut board of directors.
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