BuyWithMe.com raises $5.5 Million From Matrix Partners

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website
 
FUND RAISING 
Database Reference:  F231109-326
 
Business:  BuyWithMe.com
Web:  http://www.buywithme.com
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

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