Thursday, March 29, 2007

NeoSaej Raises $500,000 in First Round - Burlington, MA

NeoSaej, a Burlington-based startup that is developing e-commerce software, has raised $500,000 in its first round of venture capital, which is planned for a total of $1 million, PE Week Wire reported on Thursday, citing a regulatory filing. The investment was led by Stata Venture Partners. NeoSaej's software is designed to address the "severe inefficiencies in current online marketplaces, and greatly improves the e-commerce experience for all participants," according to the company's website.


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