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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.

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.