startups, deals, IT

Highland Leads $9M InXpo Deal

Rebecca Zacks 9/14/09

Highland Capital Partners of Boston led a $9 million first round of financing for InXpo, the Chicago-based startup announced. Founded in 2004, InXpo creates virtual events and virtual business environments for corporate clients including  AAA, Cisco, Procter & Gamble, and SAP as well as publishers such as Forbes Media, PennWell, TechTarget, and Ziff Davis. “In two years time, there will not be a single physical meeting or event that does not have a virtual component to it,” predicts the startup’s CEO, Malcolm Lotzof.