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For week ended September 05, 1999 Posted 4 Sep 1999

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Reporting Bad Links

Finding Bad Links yields $33.2 million in financing

Summarized by Kent Larsen yields $33.2 million in financing
CNET News (Reuters) 31Aug99 L4
By Reuters

OREM, UTAH -- Genealogical data company completed a $33.2 million second round of financing Monday, funds that Ancestry will use to strengthen its online services. The company has 1,700 searchable databases available on the World Wide Web, providing information on 276 million individuals to 90,000 subscribers.

Orem-based is an important player in the market for genealogy-related services and products. It was also founded by LDS Church members and has a mainly LDS workforce.

The investments by America Online, Compaq Computer, Group Arnault, Pivotal Asset Management, and Amerindo Investment Advisors make a total of $45.5 million in venture financing that has received. also recently signed a deal with Compaq, making Compaq the premier vendor of PC's on's popular service. hosts private family Web sites for users.

Copyright 1998, 1999, 2000, 2001 Kent Larsen · Privacy Information