Transactplus’ Future in Jeopardy
ENTERPRISE INFRASTRUCTURE
SAN FRANCISCO--Venture capital firm Tesla Capital has pulled its commitment to complete Transactplus’ third round of financing, placing in doubt the company’s plans to reorganize and go forward with its technology expansion.
The transaction-delivery vendor, a spin-off from JP Morgan Chase’s Labmorgan portfolio, had intended to return to operations in late May, armed with a staff cut down from a high of 80 employees to12 and some new technology under the hood. The new technology allows end users
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