Tuesday, August 26, 2008

Mall Networks Raises $7 Million in Second Round of VC - Lexington, MA

Mall Networks, a Lexington-based provider of online and in-store consumer loyalty programs, announced on Tuesday that it has raised $7 million in its second round of venture capital, which was led by Dace Ventures. Other investors in the deal include Flybridge Capital Partners, Venture Capital Fund of New England, and LBO Enterprises. Mall Networks said it will use the financing to accelerate product development, and expand sales, marketing and services capabilities. Customers including JPMorgan Chase, Verizon and Best Buy use Mall Networks’ service to offer bonus rewards to their customers when they shop online and in-store at more than 700 merchants.



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