"This financial backing will assist us in meeting our goals for2002, which include achieving both bottom line and cash-flowprofitability," Bill Sullivan, the company's chairman and CEO, saidin announcing the funding.
Investors again include some of SiteStuff's customers: CBRichard Ellis, Insignia/ESG, Jones Lang LaSalle Inc. and TrammellCrow Co. or better known to the industry as the Octane Alliance.Venture capital firms Centerpoint Ventures, Rho Management andSevin Rosen Funds also have invested in SiteStuff.
Thursday's announcement did not detail who invested in thelatest round other than say that $4 million came from newinvestors. The company has raised more than $50 million in funding,the bulk in a $40-million round in August 2000.
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