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.

Jan. 2, 2002 4:43 p.m. PT

Online sweepstakes promotion company 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.