Wednesday, June 18, 2008

Report: JazzD pulls in $8M in first funding

By Mass High Tech Staff

JazzD Markets Inc. has raised $8 million in Series A funding, according to published reports.

Investors include Waltham-based Commonwealth Capital Ventures and Boston-based Pilot House Ventures Group LLC. Commonwealth declined to comment on the financing because JazzD is operating in stealth mode. The company does not operate a website.

JazzD is a Brookline-based online directory startup that is operated by James Bedard, according to PE Hub. Bedard  is the former CEO of the Aberdeen Group, a Boston-based research firm that attracted a 2001 investment from Commonwealth Capital Ventures.

Bedard, who was appointed as Aberdeen Group’s CEO in 2003, was previously the COO of Gen3 Partners Inc., a Boston-based consulting firm.