Transactiv Secures $1.2 Million In Series A Venture Funding

Transactiv, a Cincinnati, Ohio-based startup that is developing a new transactional platform for online commerce, has closed a $1.2m Series A round of financing with by Blue Chip Venture Capital, CincyTech, Neyer Holdings, Queen City Angels, and supporting participation from Cincinnati’s most prominent private investors.
The funds will be used to finance the company’s development of its next-generation commerce platform, intellectual property portfolio, and technology leadership.
Commenting on the funding, Karl Perron, Transactiv President and Chief Executive Officer, said: “We are pleased by this vote of confidence from our investors and share their enthusiasm for building successful new technology startups in Ohio.
“Our investors have an impressive track record of funding the region’s most successful companies, and we look forward to joining their ranks when we launch our innovative platform in 2010”.

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