Cartera Commerce Lands $12,200,000 New Financing Round

  • Feed Type
  • Date
    6/6/2012
  • Company Name
    Cartera Commerce
  • Mailing Address
    One Cranberry Hill Lexington, MA 02421
  • Company Description
    Cartera Commerce uses the power of affiliate networks to build shopping portals tailor-made for affinity organizations such as school districts, non-profits, sports teams, and consumer associations. With more than 350 of the most trusted online merchants, the company enables affinity organizations to enhance their high-quality loyalty programs for their members with an easy-to-navigate online mall through which members earn points with every purchase. Founded in 2005, Mall Networks is a privately held company whose investors include IDG Ventures Boston, the Venture the Venture Capital Fund of New England (VCFNE) and LBO Enterprises. The company is headquartered in Lexington, Mass. with offices in Silicon Valley.
  • Website
    http://www.Cartera.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $12,200,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Cartera will use the capital to increase investment in sales, product development and operations to support the rapidly increasing demand for card-linked offers from local and national merchants, banks and loyalty programs, and consumers.
  • M&A Terms
  • Venture Investor
    Comvest Group
  • Venture Investor
    Flybridge Capital Partners
  • Venture Investor
    Dace Ventures
  • Venture Investor
    LBO Enterprises
  • Venture Investor
    Venture Capital Fund Of New England