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Mall Networks Nets Series B Venture Round

Wednesday, August 27, 2008 6:02:00 AM PDT | VentureDeal Staff

Lesington, Massachusetts -- Internet company Mall Networks announced that it has secured $7 million in its second institutional venture capital funding.

Mall Networks builds custom online shopping portals for affinity organizations such as sports teams, consumer associations, school districts and nonprofits.

Dace Ventures led the round, which included the Venture Capital Fund of New England and Flybridge Capital Partners.  The company indicated it would use the financing to expand sales, marketing and product development.

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