Title	Santa Barbara Technology Group Invests in Accera, New.net
Date:	3/21/2001
Author:
Source:	VENTUREWIRE

Santa Barbara Technology Group Invests in Accera, New.net SANTA BARBARA, Calif.(VENTUREWIRE) --

Santa Barbara Technology Group (SBTG) announced that it led a $1 million first round for Accerra, which develops business software for creating and controlling Internet content, and invested about $100,000 in an oversubscribed round for New.net, which is building a domain name registry. Both investments were made through Santa Barbara Technology Incubator (SBTi), a SBTG subsidiary. North Bay Partners also participated in the first round of funding for Accerra. New.net was founded in May 2000 by idealab!.