NeoSaej Raises $7 Million in Venture Capital - Burlington, MA

NeoSaej, a Burlington-based, online auction marketplaces and developer of MoneyAisle.com, announced that it has raised $7 million in a venture capital deal, which was led by an undisclosed, Boston-based money management firm. Other investors in the deal include Stata Venture Partners and NeoNet. NeoSaej was founded in 2006. The company said it plans on using the new investment funds to develop new auction marketplaces and expand products offered by MoneyAisle, its first online marketplace. The company has now raised a total of $10.5 million of investment capital.

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