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AllCharge rings up $3.4 million in funding

Sam Ames | January 7, 2002 7:10 PM PST

Summary

Internet payment company AllCharge said Monday that it raised $3.4 million in a combined first and second round led by VAL Investment Group, an affiliate of Verticality Investment Group, along with other existing investors. The company will use the funding to step up its sales and marketing efforts and invest in fine-tuning its product. AllCharge's software lets companies sell digital content by the page, item, time, or volume, and also gives customers many payment options.

AllCharge aims to sell to financial institutions, telecom carriers, Internet service providers, and companies that provide digital content like games, video, music and information. The company started in 2000 and maintains its headquarters in New York City and research facilities in Tel Aviv, Israel.

Internet payment company AllCharge said Monday that it raised $3.4 million in a combined first and second round led by VAL Investment Group, an affiliate of Verticality Investment Group, along with other existing investors. The company will use the funding to step up its sales and marketing efforts and invest in fine-tuning its product. AllCharge's software lets companies sell digital content by the page, item, time, or volume, and also gives customers many payment options.

AllCharge aims to sell to financial institutions, telecom carriers, Internet service providers, and companies that provide digital content like games, video, music and information. The company started in 2000 and maintains its headquarters in New York City and research facilities in Tel Aviv, Israel.

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