BuyWithMe.com closes Series A funding
BuyWithMe.com Inc. said it has secured $5.5 million in growth capital from Matrix Partners.
On its website, BuyWithMe describes itself as a privately held company focused on providing unique 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.
BuyWithMe says its initial markets include Boston; Washington, D.C.; and San Diego.
Matrix Partners is an investment firm with offices in Boston. Nicholas Beim, general partner at Matrix Partners, will join BuyWithMe’s board of directors, the company said.
The Boston Globe has a business relationship with BuyWithMe that powers the Deal of the Day feature on the home page of Boston.com.
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