Small biz social net Alignable nets $3.54 mln

Alignable has secured $3.54 million in funding. Saturn Partners led the round. Based in Waltham, Mass., Alignable is an online social network for locally owned small businesses.


Alignable, a free online social network service that gives locally owned small businesses a place to network and market together, today announced that it has closed a partial round of funding yesterday for $3.54 million.
The funding was led by Boston-based Saturn Partners, an early backer of Constant Contact.
The company is headed by Eric Groves, CEO and co-founder, who served as senior vice president of corporate strategy at Constant Contact, and Venkat Krishnamurthy, CPO, who was chief technology officer at Checkpoint Systems. The startup is currently working with thousands of local business communities across the country.
“We believe there is significant value in building the world’s largest network of locally owned businesses — a place where they can connect together and grow their business while helping each other succeed,” said Groves. “Alignable supports entrepreneurship and seeks to do what LinkedIn does for professionals, but exclusively for local businesses.”