Deal Scoop: Venture Capitalists Recap Exit41
An OpenTable for takeout? That’s the new plan for Exit41, a Massachusetts-based company that has quietly raised $6 million in VC recap funding. New investors include GrandBanks Capital, Contour Venture Partners and Dace Ventures, while existing shareholder Fidelity Investments also participated (others, like Thomas Weisel Venture Partners, did not). The company was launched in 1998 as Elm Square Technologies, as point-of-sale enterprise software for restaurants and caterers to manage orders. It later changed its name to Exit41, and began supplying fast-food chains with technology that better enabled drive-thru ordering systems.
30 April 2010•2 mins read
