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Searchandise Commerce raises $7M in funding - Beverly, MA
April 13, 2010: Searchandise Commerce, the first online media network for product manufacturers and their retail channel partners, today announced it has secured $7 million in venture capital funding. The Series 2 financing round was led by new investor Madrona Venture Group with participation from existing investors Cloquet Capital Partners LLC, DFJ Gotham Partners, Draper Associates, Inflection Point Ventures, Milestone Venture Partners and Wheatley Partners. The new financing will be used primarily to expand the sales/marketing and operations teams. The company previously raised $7.5 million in venture capital in July 2008.
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