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Capital Business
Posted at 12:15 PM ET, 09/25/2012

WeddingWire secures $25M investment


Wedding Wire founder Tim Chi, center, works with the IT department in the company’s offices in Bethesda. (Jeffrey MacMillan - Capital Business)
WeddingWire, the Bethesda-based technology company, has secured a $25 million investment to help expand services and ramp up sales and marketing, the company announced Tuesday.

“This next phase of growth will be dedicated to fulfilling an even bigger mission for the company,” said Timothy Chi, chief executive and co-founder of WeddingWire.

The funds come from Spectrum Equity, a Boston-based private equity firm that has also invested in SeamlessWeb and Ancestry.com.

WeddingWire, which was founded five years ago as a resource for brides, has expanded to include other event-centric sites such as BirthdayWire.com and MitzvahWire.com.

The company has plans to move its headquarters to Chevy Chase by the end of this year.

By  |  12:15 PM ET, 09/25/2012

 
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