Vayusa Raises $10 Million in First Round - Watertown, MA

Vayusa, a Watertown-based provider of software that lets consumers make purchases through mobile phones, has raised about $10 million in its first round of venture capital, Private Equity Week reported. The company's investors include Ignition Partners, Seapoint Ventures and Oak Investment Partners. MobileLime, a service of Vayusa, was launched in 2001. It allows consumers to make purchases through mobile phones at participating merchants. The has partnered with point-of-sale technology companies such as IBM, POSitouch, StoreNext, and Verifone, and offers payment options with payment processors such as Chase Merchant Services, Paymentech, and Authorize.net.

http://www.mobilelime.com