bolero.net secures $30 million in private placement

Electronic trade community announces new funding and a new technology partner.

Elton Cane

September 12, 2000

Bolero.net, a secure electronic system for transmitting trade documents, has secured $30 million in a private placement led by private equity investment group Apax Partners.

Bolero.net offers services designed for use by importers, exporters, shipping organisations and financial institutions. It launched in September 1999 offering services that include the secure delivery of documents; the electronic transfer of ownership of goods; and a universally binding legal framework.

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