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

Announced On
2/26/2009
Transaction Type
Venture Equity
Amount
$7,750,000
Round
Series B
Investors

Redpoint Ventures (Lead Investor) (Jeffrey Brody)

Prism VentureWorks

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
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
The Receivables Exchange LinkedIn Company Profile
Social Media
The Receivables Exchange Company Twitter Account
Company News
The Receivables Exchange News
Facebook
The Receivables Exchange on Facebook
YouTube
The Receivables Exchange on YouTube

Management Team

Title
Name
Email & Social
Chairman
John Connolly
  John Connolly LinkedIn Profile  John Connolly Twitter Account  John Connolly News  John Connolly on Facebook
VP - Operations
Mike Walker
  Mike Walker LinkedIn Profile  Mike Walker Twitter Account  Mike Walker News  Mike Walker on Facebook
VP - Sales
Michael Gonik
  Michael Gonik LinkedIn Profile  Michael Gonik Twitter Account  Michael Gonik News  Michael Gonik on Facebook


 

 

Browse more venture capital transactions:

Prev: 2/26/2009: Selecta Biosciences venture capital transaction
Next: 2/27/2009: Atrua Technologies venture capital transaction

 

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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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