Need2Buy.com in Westlake Village, a business-to-business online marketplace for buyers and sellers of electronic components, has closed its first round of financing and has entered into an alliance with Mitsubishi Corp.
The company said it raised $2.2 million to be used for marketing, expansion and development of its core business. The investment was made by Mitsubishi Corp.; Eli Broad, co-founder of Kaufman and Broad home builders; Trust Company of the West; and JUMP! Investors.
