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Database Reference: F231109-326
Location: USA, Boston, MA
Region: North America
Business description: The company is focused on providing marketing solutions using group buying mechanisms and leveraging social media. By aggregating the purchasing power of its buyer network, the company enables special pricing to be made available only to the groups of users that band together on its site. These deals deliver immediate customer interest and merchants get a very effective “pay-per-customer” marketing medium with great recognition and no risk.
Category: Social Network, Retail
Contact 1: Andrew Moss, CEO and founder of BuyWithMe.com
Contact 2: Nicholas Beim, General Partner at Matrix Partners
Investors: Matrix Partners
Amount raised: $5,500,000
Details: BuyWithMe.com has secured $5.5 million in growth capital from Matrix Partners. The company intends to scale rapidly, benefiting from its loyal vendor relationships and tens of thousands of dedicated buyers from three initial markets of Boston, Washington DC and San Diego. Under the terms of the agreement, Nicholas Beim, General Partner at Matrix Partners, will join BuyWithMe’s board of directors.
Link: Press Release