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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Seven Days’ deputy publisher and co-owner Cathy Resmer is a writer, editor and advocate for local journalism. She works in the paper’s Burlington office and lives vicariously through the reporters while raising money to pay them. Cathy started at...

2 replies on “Winooski’s MyWebGrocer Lands New Investor”

  1. It might be worth noting that HGGC was founded by Jon Huntsman, father
    of Republican presidential candidate Jon Huntsman, and Robert Gay,
    former managing director of Bain Capital, where he worked with
    Republican presidential candidate Mitt Romney.

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