alarm:clock

eCommerce - Wednesday, March 26, 2008

RichFX Salvaged By Channel Advisor For $3.1M After It Blew Through $60M

richfx.png
RichFX was bought for $3.1M by rival ChannelAdvisor. RichFX had raising $60M from venture capital funds. To some extent this is a win for the startup as it had filed for Chapter 11 last year. ChannelAdvisor is also well funded, having raised $50M.

RichFX has rolled through any number of business plans. It currently hosts rich media assets, primarily for eCommerce companies.

richfx grag.png
Richfx Handiwork

RichFX was founded in 1998. At one time, the company had 130 employees and was bank-rolled by 18 firms, a list which includes RealNetworks, Itochu, and Israeli tech giant Yossi Vardi.

View - site

Post a comment




Remember Me?


More Recent Articles

ThumbThe End Is Near, Or Is It?

Friday October 10, 2008

You know the economic situation isn't good when you have President George W. Bush on tv this morning trying to calm the investment world and then follow-up with Secretary of Treasury Henry Paulson in the afternoon. The staff at tech:stocker believes... Full Story

ThumbTrying To Find Some Positives In A Negative Market

Friday October 10, 2008

With another day of massive carnage in the market behind us, the staff at tech:stocker has been given the challenge of trying to find some hope for investors. Initially, we couldn't. But our editor insisted we offer something for our readers that wo... Full Story

Listen to alarm:clock

alarm:clock © 2004-2008

Swift Internet