WeddingChannel.com obtains investment from MSD Capital.
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Here is an interesting piece of news.
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LOS ANGELES (March 15) BUSINESS WIRE -March 15, 1999--WeddingChannel.com (www.weddingchannel.com) today announced that it received capital funding from MSD Capital, a New York-based investment firm overseeing the personal investment activities for Michael Dell, the founder of Dell Computer.
Closely following last month's investment from Goldman Sachs, RRE Investors and idealab! Capital Partners, today's announcement enables WeddingChannel.com to further its leadership position in the rapidly expanding online wedding space.
"MSD Capital and Michael Dell represent some of the most powerful names in the technology industry and their investment in WeddingChannel.com is a major endorsement of who we are and where we're headed," said Tim Gray, CEO and co-founder of WeddingChannel.com. "We believe that our new investor will provide tremendous value within the technology marketplace and assist us in achieving the goals of the company."
WeddingChannel.com launched online in July 1997 with seed funding from idealab! and idealab! Capital Partners, and has since received funding from MacAndrews & Forbes Holdings, Inc., Goldman Sachs and RRE Investors. Early in 1999, WeddingChannel.com announced a strategic multi-million dollar content and marketing partnership with Bride's Magazine, the number one bridal media brand. About the Site
WeddingChannel.com is the most comprehensive and customizable wedding planning, gift registry and communication resource on the Web. A one-stop destination for engaged couples and their friends, family and acquaintances, the site offers a broad array of planning tools and wedding-related services, including an online bridal registry, personalization features, online travel planning, local business directories and the largest database of bridal fashions. WeddingChannel.com continues to add features to the site to enhance the wedding experience. About the Company
WeddingChannel.com (www.weddingchannel.com), the Web's number-one bridal registry and wedding resource, is the first Internet business to offer consumers a complete menu of wedding-related services. With its patent-pending integrated technology, WeddingChannel.com even helps betrothed couples create their own Web pages.
WeddingChannel.com has also formed a multi-million dollar content and marketing partnership with Bride's Magazine, the number one bridal media brand. Based in Los Angeles, Calif., WeddingChannel.com launched in July 1997 and is a private company whose investors include MacAndrews & Forbes Holdings, Inc., Goldman Sachs, RRE Investors, idealab! and idealab! Capital Partners.
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