On the Web.
Retail Convergence, an operator of ecommerce sites centered around retail, announced a $25 million first round investment from several firms including New England Development.
I'm not sure if New England Development has a broader portfolio of venture-style investments. One fellow on the NED team, Gregory Sullivan, counts "non-real estate private equity activities" among his duties.
Retail Convergence operates two sites right now including smartbargains.com and ... get ready for this... RueLaLa.com.
Nothing really Port related, just interesting.
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