NEWTON, Mass.—MoreMagic Software announced it scored $9 million in its second round of funding, which was led by Vision Capital and Battery Ventures.
“These additional funds will be used to help drive MoreMagic Software’s continued expansion in Europe and North America,” said Jim Walz, the company’s chief executive officer. “As long as the current trends in the market are maintained, we will achieve profitability in 2003.”
MoreMagic offers products for dynamic pricing and payment for a variety of applications and networks.
