August 11, 2000

eConvergent gets $34 million in second-round funding

LONGMONT – At a time when venture capitalists are taking a more cautious approach to funding another online venture, eConvergent Inc. has secured second-round financing totaling $34 million, more than double the amount it received less than a year ago when it launched.

Combined with a $15 million first round of financing and other equity and assets, the total amount of funding the company has secured since it started last September tops $72 million, said Jan Wilgus, eConvergent’s director of corporate communications.

Second-round financing was led by Technology Crossover Ventures, a Palo Alto, Calif.-based firm boasting a $2.5 billion fund. Other…

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