Wednesday, December 8, 2010

TechForward Raises Another $800K

Los Angeles-based TechForward, the provider of guaranteed buyback plans for consumer electronics which is headed by Jade Van Doren, has raised $800,000 in a debt financing, according to a recent regulatory filing by the firm. According to one of the firm's investors, the funding came from its existing investors. TechForward is backed by New Enterprise Associates and First Round Capital. TechForward provides a guaranteed buyback price to consumer electronics when users purchase new products from retailers; the firm offers its plans through such companies as CompUSA, TigerDirect, and others. The firm guarantees a certain percentage of the price of a product back if a user trades in those products at a later date. More information »

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