Xconomy Boston

NeoSaej Corporation Secures $7,000,000 New Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=60ceef4c-d17d-4994-827e-51754cb85f65&Preview=1
Date
7/14/2008
Company Name
NeoSaej Corporation
Mailing Address
77 South Bedford Street Burlington, MA 01803
Company Description
The company is conveniently located in Burlington, Massachusetts, and our mission is to be a leader in the e-commerce software space. NeoSaej’s innovative architecture, among other things, enables unique and disruptive technologies to address the severe inefficiencies in current online marketplaces, and greatly improves the e-commerce experience for all participants.
Website
http://www.neosaej.com
Transaction Type
Venture Equity
Transaction Amount
$7,000,000
Transaction Round
Undisclosed
Proceeds Purposes
NeoSaej plans on using the funds to develop new auction marketplaces and expand products offered by MoneyAisle, neoSaej’s first online marketplace.
M&A Terms
Venture Investor
Stata Venture Partners
Venture Investor
Undisclosed