TechSmart.com offers original equipment manufacturers, lessors, retailers, e-tailers and large corporations.
Business Model: B2B
Revenue: $0
Employees: 0-0
Address:
City: Ridgewood
State: New York
Zip:
Country: United States
TechSmart.com (the "Company"), formed in April 1997 under the name Linx Technologies, offers original equipment manufacturers, lessors, retailers, e-tailers and large corporations a web-based asset recovery solution ("Assets into Money") to effectively manage and resell their returned, refreshed, off-lease and overstock office technology assets ("recovered assets"). These businesses, which They call SmartPartners, send their technology assets to TechSmart.com&s;s processing facilities where the assets are audited, tested, cleaned, packaged and remarketed through the Company&s;s web site. Historically, businesses with recovered assets operated an inefficient in-house program in conjunction with a multi-tiered chain of "mom and pop" refurbishers, brokers, resellers and service providers. Because recovered asset management is not a core competency of these asset owners, they incurred excessive processing costs and achieved sales far below fair market value.
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Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 1/2002 | Venture Round | 1 | - |
Boston Millennia Partners Boston Millennia Partners |
11/1999 | Series A | 3 | $13M |
Rho Ventures Sculley Brothers Soros Fund Management Rho Ventures Sculley Brothers Soros Fund Management |
1/2002 | Venture Round | 1 | - |
Boston Millennia Partners Boston Millennia Partners |
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