Exhibit 21.1



Subsidiaries of Internet Capital Group, Inc.



|                                                         |  |                             
|-------------------------------------------------------- |  | ----------------------------
|Name                                                     |  | Jurisdiction ofIncorporation
|Internet Capital Group Operations, Inc.                  |  | Delaware                    
|Internet Capital Group (Europe), Ltd.                    |  | United Kingdom              
|ICG Holdings, Inc.                                       |  | Delaware                    
|1999 Internet Capital Group (Europe) L.P.                |  | Delaware                    
|Inreon Holdings L.L.C.                                   |  | Delaware                    
|Agribuys, Inc.                                           |  | California                  
|Anthem/CIC Ventures Fund L.P.                            |  | Delaware                    
|Arbinetthexchange Inc.                                  |  | Delaware                    
|Axxis, Inc. (fka Fuelspot.com, Inc.)                     |  | Delaware                    
|Blackboard, Inc.                                         |  | Delaware                    
|Captive Capital Corporation (fka eMarket Capital, Inc.)  |  | Delaware                    
|Citadon, Inc.                                            |  | California                  
|ClearCommerce Corporation                                |  | Delaware                    
|CommerceQuest, Inc.                                      |  | Florida                     
|Cambridge Information Technology Limited                 |  | United Kingdom              
|ComputerJobs.com, Inc.                                   |  | Georgia                     
|Co-nect Inc. (fka Simplexis.com)                         |  | Delaware                    
|CreditTrade Inc.                                         |  | Delaware                    
|eCredit.com, Inc.                                        |  | Delaware                    
|eCredit.com (India) Private Limited                      |  | India                       
|eMerge Interactive, Inc.                                 |  | Delaware                    
|Emptoris, Inc.                                           |  | Delaware                    
|Entegrity Solutions Corporation                          |  | California                  
|Freeborders, Inc.                                        |  | Delaware                    
|GoIndustry AG                                            |  | Germany                     
|ICG Commerce Holdings, Inc.                              |  | Delaware                    
|ICG Commerce, Inc.                                       |  | Pennsylvania                
|Integrated Sourcing, LLC                                 |  | Pennsylvania                
|ICG Commerce Investments, LLC                            |  | Delaware                    
|ICG Commerce International, LLC                          |  | Delaware                    
|ICG Commerce Mexico I, LLC                               |  | Delaware                    
|ICG Commerce Mexico II, LLC                              |  | Delaware                    
|ICG Commerce UK Limited                                  |  | United Kingdom              
|ICG Commerce Asia-Pacific Limited                        |  | Hong Kong                   
|ICG Commerce Singapore Pte Ltd.                          |  | Singapore                   
|ICG Commerce Germany GmbH                                |  | Germany                     
|ICG Commerce France SAS                                  |  | France                      
|ICG Commerce Ireland Ltd.                                |  | Ireland                     
|ICG Commerce Latin America, S. de. R.L., de C.V.         |  | Mexico                      
|ICG Commerce Services, S. de. R.L. de C.V.               |  | Mexico                      
|epValue.com, Inc.                                        |  | Delaware                    
|epValue.com (France) SAS                                 |  | France                      
|epValue.com UK Limited                                   |  | United Kingdom              
|hpi GmbH                                                 |  | Germany                     
|ICG Patent, Inc.                                         |  | Delaware                    
|Investor Force Holdings, Inc.                            |  | Delaware                    
|iSky, Inc.                                               |  | Maryland                    
|Jamcracker, Inc.                                         |  | Delaware                    
|LinkShare Corporation                                    |  | Delaware                    
|LGO Corporation (fka Logistics.com, Inc.)                |  | Delaware                    
|Marketron International, Inc. (fka Buymedia, Inc.)       |  | Delaware                    
|Mobility Technologies, Inc. (fka traffic.com, Inc.)      |  | Delaware                    
|OneCoast Network Holdings, Inc. (fka USgift Corporation) |  | Georgia                     
|Onvia.com, Inc.                                          |  | Delaware                    
|StarCite, Inc.                                           |  | Delaware                    
|Syncra Systems, Inc.                                     |  | Delaware                    
|Tibersoft Corporation                                    |  | Massachusetts               
|Universal Access Global Holdings, Inc.                   |  | Illinois                    
|Verticalnet, Inc.                                        |  | Pennsylvania                



Unless otherwise provided, each of the
subsidiaries named above do business under the same name.