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Thursday, November 11, 2010

Azigo rounds up $500K financing

By Galen Moore

Azigo Inc. has raised nearly $500,000 toward a planned $1.4 million round of new equity financing, the Wellesley company reported Wednesday in a regulatory filing.

Formerly known as Parity Communications, Azigo has been making a virtual wallet full of “Information Cards” for Internet shopping — virtual versions of the cards in real wallets, such as credit cards or store loyalty cards. However, its website now says Azigo is currently “under wraps while we transform into something exciting and new.”

The company was founded in 2003. Co-founder and CTO Paul Trevithick was previously co-founder of the Higgins Project, which helped establish the open standard for secure online identification. He could not immediately be reached this morning.

Azigo reported a $1.8 million fundraise in March.
 

 

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