Business

Feb. 15, 2013 9:30 am

Quewey shuts down: networking startup sells its technology to Boston-based investors

Quewey, a local networking startup, has shut down after selling its technology to a group of Boston-based investors for an undisclosed amount, said cofounder David Luk. The investors approached the Quewey team in December and the sale will be closed this month, Luk said. In August, Quewey pivoted from a business Q&A site to a […]

Quewey, a local networking startup, has shut down after selling its technology to a group of Boston-based investors for an undisclosed amount, said cofounder David Luk. The investors approached the Quewey team in December and the sale will be closed this month, Luk said.

In August, Quewey pivoted from a business Q&A site to a professional networking matchmaking site, as we previously reported. Despite the pivot, the matching technology behind the two different ventures stayed the same, Luk said, and the patent for that technology is what Quewey is selling. Luk said the team decided the sale was a good opportunity.

Luk is still in Philadelphia, working with his business development consulting company SixtyEight Advisory. Quewey’s former CTO Anshu Aggarwal is now the VP of Technology for a New York City startup called 1Efficiency.

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Juliana Reyes

Juliana Reyes began as lead reporter at Technical.ly Philly in July 2012. Previously, she was a city services beat reporter for the Philadelphia Daily News, as part of a project called “It’s Our Money.” She is learning to drive, learning to bike (in the city) but is an expert at taking SEPTA. She grew up in North Jersey and Manila, Philippines but she left the tropics for Bryn Mawr College, where she majored in linguistics. She now lives in West Philly.

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