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May 11, 2011 04:41 pm GMT

Former eBay, Oracle Execs Raise $11 Million For "Gift Network"  FreeMonee

Today sees the launch of the "first-of-its-kind" national gift network FreeMonee, founded by an impressive team of veterans from some of the largest companies in banking, retail and e-commerce, with experience at organizations like eBay, Oracle, Best Buy, Cisco, Visa and ClairMail under their collective belts.The company has secured $11 million in Series A funding from Opus Capital, Redpoint Ventures, Sutter Hill Ventures, Pinnacle Ventures and Contrarian Group, the fund directed by Peter Ueberroth. Ueberroth also serves on FreeMonee's board with former Levi Strauss CEO Phil Marineau.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/IG0uNoBp0NQ/

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