Critical Path raises another $18M, The Deal, 10 Jan 2005

“Like dozens of other shooting stars that briefly shined during the technology boom, Critical Path Inc. should have flamed out long ago. Since going public in 1999, the San Francisco-based messaging software provider has racked up $2.3 billion in losses. After once trading at over $450 per share (on a split-adjusted basis), Critical Path's stock hovers in the death zone at roughly $1.50 per share. It has never turned a profit. In its latest round the company on Thursday, Jan. 7, announced a total of $18 million in new funding from venture capital firms General Atlantic Partners LLC of Greenwich, Conn., and Richmond Financial LLC of San Francisco and Cheung Kong Holdings Ltd., an affiliate of Hong Kong conglomerate Hutchison Whampoa Ltd.�

Full story at http://news.yahoo.com/news?tmpl=story&u=/thedeal/20050110/bs_deal_thedeal/criticalpathraisesanother18m