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.