BuyWithMe Raises $5.5M

BuyWithMe, a Boston-based “group buying” site, said today it has closed a $5.5 million Series A venture financing round led by Matrix Partners, which has offices in Waltham, MA, and Menlo Park, CA. At the BuyWithMe website, merchants promote group discounts on products or services, deliverable only if BuyWithMe can assemble enough customers to meet the merchants’ volume requirements. “The company has developed a strong following among consumers and merchants in multiple cities and has an impressive vision for future growth,” Matrix general partner Nicholas Beim said in a statement.

Wade Roush is a freelance science and technology journalist and the producer and host of the podcast Soonish. Follow @soonishpodcast

Trending on Xconomy