Short Take: Electron Economy gets $70 million infusion
Softbank and Flatiron Partners were among a group that invested $70 million in business-to-business firm Electron Economy, the company announced. Electron Economy helps link e-commerce companies' manufacturing, distributing and logistics operations together via the Internet. Other investors in Electron Economy's second round of funding were Chase Capital Partners and Crosspoint Venture partners. Executives from Flatiron and Softbank will join Electron Economy's board of directors.
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Greg Sandoval covers media and digital entertainment for CNET News. Based in New York, Sandoval is a former reporter for The Washington Post and the Los Angeles Times. E-mail Greg, or follow him on Twitter at @sandoCNET.
Softbank and Flatiron Partners were among a group that invested $70 million in business-to-business firm Electron Economy, the company announced. Electron Economy helps link e-commerce companies' manufacturing, distributing and logistics operations together via the Internet. Other investors in Electron Economy's second round of funding were Chase Capital Partners and Crosspoint Venture partners. Executives from Flatiron and Softbank will join Electron Economy's board of directors.