Internet transaction clearing house firm Rights Exchange Inc has raised $5m in preferred series E stock. All the company’s existing investors have gone round again, having invested $9.5m in February this year. Back then the company was known as Softbank Net Solutions, but changed its name to that of its principal service. The Buffalo, New York company recently struck a deal with Israel’s Aladdin Knowledge Systems Ltd to jointly develop an electronic software distribution service called Privilege ESD (07/08/98). Investors include Adams Capital Management, Chase Capital Partners, Constellation Ventures, Flatiron Partners, Softbank Technology Ventures, Venrock Associates, XDL Capital Corp and Web Ventures.
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