Andale Receives $41 Million in Second-Round Funding
Tuesday, April 11, 2000

MOUNTAIN VIEW, Calif. – Andale, a provider of a Web-based service that automates and manages online selling for businesses, said it secured $41 million in a second round of institutional funding led by new investor Bowman Capital Management, with new investor Tarrant Venture Partners contributing. Previous investors Accel Partners, Mohr, Davidow Ventures, Oak Hill Venture Partners, and others also participated in the funding. David Hayden, chairman and founder of Critical Path, joined the company's board of directors. Andale's applications, tools, and services, offered for the first time last November, enable small businesses to automate a variety of tasks for Web-based auctioning, including product merchandising, inventory/financial management, and supplier sourcing. To date, the company has formed partnerships with Amazon and BigVine.

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