Friday, September 26, 2008

Tipjoy Raises $1 Million in First Round - Cambridge, MA

Tipjoy, a Cambridge-based provider of micropayments processing, has raised about $1 million in its first round of venture capital, which was led by Betaworks, a New York-based business incubator for web-based businesses. Tipjoy charges about $0.10 cents for $1 transactions, and aggregates transactions, which can lower processing fees. The company has received investments from David Shen Ventures, owned by the former Yahoo executive; the Accelerator Group (TAG); Y Combinator, a Silicon Valley-based business incubator; and some individual investors, such as Chris Sacca, a former Google executive.


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