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On Wednesday, August 5, 2009, Colchester, Vt.-based online grocer solutions provider and ad network MyWebGrocer Inc. received a $13 million equity investment from New York-based Stripes Group.
The private investment firm specializes in growth stage minority and majority investments in rapidly growing and profitable Internet, software-as-a-service, technology-enabled services and consumer products companies. It typically partners with founder-owned and operated companies that have had no prior institutional investors.
Dan Marriott, managing partner of Stripes Group, will join the MyWebGrocer board of directors.