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Breakaway Ventures Announces Investment in Retail Convergence, Inc.

Publication: PR Newswire
Publication Date: 24-APR-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Investment Funds Acquisition of SmartBargains.com and Launch of RueLaLa.com

BOSTON, April 24 /PRNewswire/ -- Breakaway Ventures, a private equity firm that funds innovative, market-altering retail and consumer oriented businesses, today announced its participation in the $25 million Series A round of financing for Retail Convergence, Inc.

Retail Convergence is a newly formed corporation that is comprised of e-commerce companies including SmartBargains.com and RueLaLa.com, which officially launched on April 9th. This is the...

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