Tech Company Financing Transactions
The Receivables Exchange Funding Round
The Receivables Exchange, operating out of New Orleans, raised $7.8 million from Redpoint Ventures and Prism VentureWorks.
Transaction Overview
Company Name
Announced On
2/26/2009
Transaction Type
Venture Equity
Amount
$7,750,000
Round
Series B
Investors
Redpoint Ventures (Lead Investor) (Jeffrey Brody)
Proceeds Purpose
The company will use the funding to expand its broad scale marketing and business development efforts to small and mid-sized businesses (SMBs); to continue to evolve its patent-pending trading platform; and to aggressively scale its operations and sales activities.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
935 Gravier St. 12th Floor
New Orleans, LA 70112
USA
New Orleans, LA 70112
USA
Phone
Website
Email Address
Overview
The Receivables Exchange makes it fast, easy and efficient for small and medium-sized businesses to gain quick access to working capital at a competitive cost, because time and money are a luxury that most small and medium-sized business owners don't have.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
John Connolly
VP - Operations
Mike Walker
VP - Sales
Michael Gonik
Browse more venture capital transactions:
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We record every notable VC transaction. VC investment data records on this site are sourced from publicly available VC deal announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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