Topica Gets $28M in Financing

Share this article:
Topica Inc., San Francisco, said Monday it has secured $28 million in equity financing in another round of fundraising led by Morgan Stanley Dean Witter Private Equity and European venture capital firm TLcom Capital Partners.


Topica offers free hosting, archiving, promotion and advertising services to individuals or companies that own e-mail newsletters and discussion groups. The company hosts tens of thousands of e-mail newsletters, counts more than 10 million subscriptions and delivers more than 250 million e-mails per month.


As part of the agreement, TLcom Managing Director Maurizio Caio will join Topica's board of directors.


Caio also is the former head of Bain & Company's Telecom/Technology Group. Previous Topica investors August Capital, Highland Capital Partners, Moore Capital Management, Draper-Richards and Angel Investors also participated in this round.


The latest funding comes less than two weeks after Yahoo announced its plans to acquire Topica competitor eGroups in a stock swap valued at $428 million.
Share this article:
close

Next Article in Digital Marketing

Follow us on Twitter @dmnews

Latest Jobs:

Featured Listings

More in Digital Marketing

Ramp Introduces Video Platform for Marketers

Ramp Introduces Video Platform for Marketers

The cloud-based platform syncs with marketing automation and capitalizes on user behavior to extend view times.

CMOs Who Take Charge of Digital Make More Money

CMOs Who Take Charge of Digital Make More ...

Chief marketers who usurp the CDO role earn the board's respect, as well as base salaries of $500,000 and up, says a new study.

Microsoft Set to Overtake Yahoo in Ad Revenues

Microsoft Set to Overtake Yahoo in Ad Revenues

Marissa Mayer can take credit for reversing ad declines. Still, her company will fall out of digital's Top 3 by year's end, according to eMarketer.