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Alvenda Accepts $5 Million Series A Venture Capital

Wednesday, January 27, 2010 5:34:00 AM PDT | VentureDeal Staff

Minneapolis, Minnesota  --  Internet company Alvenda has secured $5 million in its first round of institutional venture capital investment.

Alvenda sells technology that enables its customers to create selling opportunities on Facebook and other social networking sites.

Split Rock Partners made the investment.  The company said it would use the financing to scale its operations.

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