Monday, March 28, 2005

AreUN Closes Angel Round

Rancho Cucamonga-based AreUN said Friday that it has completed an angel round of funding and is starting a Series A fundraising efforts. The company says that it is creating a new online business model that combines an online marketplace, bricks and mortar stores, and a newspaper which allows buyers and sellers to connect through the Internet and a local sales force. The company is targeting auction giant eBay, but has yet to launch its services. AreUN said that it is looking for $15M in a Series A funding. More information »