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Short Take: iVillage raises funds

Web content company iVillage completed a third round of financing, which raised $21.5 million. Repeat investors include America Online, the Tribune, and venture capital partnership Kleiner Perkins Caufield & Byers. New investors include Cox Interactive Media and General Electric Pension Trust. The company also acquired Health ResponseAbility Systems, which currently supplies medical information through its AOL Health Network.

Paul Festa Staff Writer, CNET News.com
Paul Festa
covers browser development and Web standards.
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Paul Festa
Web content company completed a third round of financing, which raised $21.5 million. Repeat investors include America Online, the Tribune, and venture capital partnership Kleiner Perkins Caufield & Byers. New investors include Cox Interactive Media and General Electric Pension Trust. The company also acquired Health ResponseAbility Systems, which currently supplies medical information through its AOL Health Network.