Medical Search Engine HealthLine Secures $21 Million In Second Round Led By Peacock Equity
By David Kaplan - Mon 16 Jul 2007 06:09 AM PST
Medical information search engine HealthLine has raised $21 million in second round financing led by GE/NBC Universal’s (NYSE: GE) Peacock Equity Fund. The round also includes strategic financing from Aetna Ventures, LLC, Kaiser Permanente Ventures, U.S. News and World Report, and previous investors VantagePoint Venture Partners and Reed Elsevier (NYSE: RUK) Ventures. With this financing, HealthLine has secured a total of $59 million in funding. Healthline will use the $21 million to continue research and development, engineering, sales and network services. Release
In conjunction with the financing from Peacock Equity, Healthline has an agreement to provide its search, navigation and content services to NBCU’s iVillage Total Health, the female-focused site’s consumer health portal. Apart from that deal, HealthLine also said it has distribution agreements in place with Aetna, AOL (NYSE: TWX) and Ask.com for its medical search platform. More details in this release.
Posted in: Companies, NBC Universal, Media, Health Content, Technologies/Formats, Search, VC+M&A, Venture Capital
Tags: peacock equity fund, reed elsevier ventures, kaiser permanente ventures, aetna ventures, u.s. news and world report, llc, healthline, vantagepoint venture partners,
