Mall Networks Receives $7,000,000 Series B Round

  • Feed Type
  • Date
    8/26/2008
  • Company Name
    Mall Networks
  • Mailing Address
    One Militia Drive Lesington, MA 02421
  • Company Description
    Mall Networks 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.mallnetworks.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $7,000,000
  • Transaction Round
    Series B
  • Proceeds Purposes
    Mall Networks will use the financing to accelerate product development, and expand sales, marketing and services capabilities.
  • M&A Terms
  • Venture Investor
    Venture Capital Fund of New England
  • Venture Investor
    Dace Ventures
  • Venture Investor
    Flybridge Capital Partners (AKA IDG Ventures Boston)