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Mail.com Raises $35 Million in Fourth Round

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White label e-mail provider Mail.com has raised $35 million in a fourth round of funding. Quadrangle Capital Partners led the round, with WI Harper Group and Novel TMT Ventures also participating. El Segundo, CA-based Mail.com was founded way back in 1996, and has gone through three rounds of funding before. The company Mail.com was re-launched by founder and current CEO Jay Penske in May of 2007. The site also serves as a portal, and runs branded sites like HollywoodLife.net and OnCars.com. The company plans to use the funds for future site acquisitions and new hires. More details in release.