Connequity Raises $550,000, Opens Series A

San Diego-based professional networking site Connequity says it has raised $550,000 in an angel round, and has opened up a new Series A funding, after renaming the company from its former name, GROWconnections. The startup--which is still in private beta of its service--said the angel funding came in June. The company did not say how much it is looking to raise in its Series A. Connequity is led by Scott Weinbrandt, and says it is creating an online, professional networking service aimed at helping people find trusted business referrals and to help professionals grow their business. More information »