bankruptcy, Social Networking, MIT Media Lab

nTag Enters Bankruptcy

Wade Roush 1/9/09

Boston’s nTag Interactive, a maker of wearable, wireless electronic badges handed out to attendees at business conferences so that they can exchange contact information and vote in interactive polls, filed for bankruptcy in Boston federal court on December 26, according to a report today in the Boston Business Journal. The seven-year-old company, an MIT Media Lab spinoff, had raised $23 million in venture backing from the likes of Boston’s Pilot House Venture Group and Dallas-based Sevin Rosen Funds.

Wade Roush is Xconomy's chief correspondent. You can e-mail him at wroush@xconomy.com, call him at (617) 252-7323, or follow him on Twitter at http://twitter.com/wroush.