StripesWebGrocer
On Wednesday, August 5, 2009, Colchester, Vt.-based online grocer solutions provider and ad network MyWebGrocer Inc. received a $13 million equity investment from New York-based Stripes Group.
The private investment firm specializes in growth stage minority and majority investments in rapidly growing and profitable Internet, software-as-a-service, technology-enabled services and consumer products companies. It typically partners with founder-owned and operated companies that have had no prior institutional investors.
Dan Marriott, managing partner of Stripes Group, will join the MyWebGrocer board of directors.
The private investment firm specializes in growth stage minority and majority investments in rapidly growing and profitable Internet, software-as-a-service, technology-enabled services and consumer products companies. It typically partners with founder-owned and operated companies that have had no prior institutional investors.
Dan Marriott, managing partner of Stripes Group, will join the MyWebGrocer board of directors.