Raises $11.6 Million in Private Financing

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Online database provider Inc., Foster City, CA, said yesterday that it closed $11.6 million in equity financing, including $10 million from Trident Capital and additional investments from Sands Brothers & Co., Yahoo Inc. and other private investors. The company, which is a subsidiary of database concern infoUSA Inc., Omaha, NE, said it would use the funds to increase its sales and marketing efforts, improve its technical platform, and to further expand its key partnerships and sales channels.

InfoUSA previously has said it plans eventually to spin off as a separate, public company.

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