Short Take: AuctionWatch gets $9.6 million in venture funds

By Troy Wolverton
Staff Writer, CNET News

AuctionWatch announced today that it received $9.6 million in venture funding from Sequoia Capital, CMGI's @Ventures, Argus Capital, Angel Investors, Stanford University, and private investors. Representatives of the company, which provides news, message boards, and listing tools for online auction users, said the money would be used for marketing and to improve site infrastructure. In January, AuctionWatch received less than $1 million in funding from private investors. As part of the announcement, the company said that Sequoia general partner Mark Stevens will join its board of directors.

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