Tuesday, August 08, 2006

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.



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