BabyAge.com, Inc., a Wilkes-Barre, Pennsylvania-based online retailer of infant, toddler and juvenile products, has raised approximately $15m in a funding round led by Alumni Capital Network, with participation from Brook Venture Partners.
The company will use the funds execute its growth plans, by expanding the business base in North East Pennsylvania, as well as hiring new staff throughout current and planned operations.
In conjunction with the recapitalization, a new board of directors has been established: It includes Walter Nollman (Chairman), Denise Kelly, and Elliott Wahle from ACN, Ned Williams from BVP and Jack Kiefer from BabyAge.
FinSMEs
24/03/2010