Winooski's MyWebGrocer Lands New Investor | Off Message

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Wednesday, June 12, 2013

Winooski's MyWebGrocer Lands New Investor

Posted By on Wed, Jun 12, 2013 at 9:14 AM

One of Vermont's fastest-growing tech companies has a new majority owner. Silicon Valley equity firm HGGC has acquired Winooski-based MyWebGrocer — the New York Times reported the news today on its DealBook blog; the company also distributed a press release.

In an interview in his Champlain Mill office overlooking the Winooski River, CEO and co-founder Rich Tarrant Jr., confirmed that HGGC has invested "a great deal of money" in his online grocery biz. "They are firm believers that we are on the right track,” he said. Tarrant declined to disclose the terms, but DealBook wrote that sources close to the deal confirmed it was within the $25 to $100 million range. 

Read more on the Vermont Tech Jam blog.

File photo of Brian, Rich Jr. and Jerry Tarrant by Matthew Thorsen.

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About The Author

Cathy Resmer

Cathy Resmer

Bio:
Deputy publisher Cathy Resmer is an organizer of the Vermont Tech Jam, and compiles a weekly tech e-newsletter. She also oversees Seven Days' parenting publication, Kids VT, and created the Good Citizen Challenge, a youth civics initiative. Resmer began her career at Seven Days as a freelance writer in 2001. Hired... more

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