Tuesday, February 16, 2010

Kashless Buys Vulcan Patents, Launches Tippr.com

Seattle-based Kashless, the online marketplace run by Martin Tobias that encouraging recycling and reuse of items, said this morning that it has acquired an "extensive portfolio" of group purchasing patents from Vulcan Capital, and has rolled out new collective buying service Tippr.com. Financial details of the acquisition were not disclosed. According to the firm, Tippr LLC is wholly owned by Kashless, and is backed by RRE Ventures. Kashless said that Tippr.com will offer deals on goods, services, and events and support local businesses and communities.