SavaJe Technologies Raises $4.2 Million in First Round - Chelmsford, MA

SavaJe Technologies, the Chelmsford-based provider of an open standards-based, Java platform for mobile phones, has raised about $4.2 million in a "recap" of its first round of venture capital, Private Equity Week reported on Tuesday, citing a regulatory filing. Investors in SavaJe include RRE Ventures, Ridgewood Capital and Vodafone, the report said. SavaJe was founded in 1999. The company has raised a total of about $80 million to date.

http://www.savaje.com