eVolution Global Partners, a global private equity firm, has invested $16m (€18.73m) in MarketMile, a new business-to-business e-commerce company backed by American Express and Ventro Corp.

eVolution's move brings the total cash investment in MarketMile to $46m. The company will use the extra money to expand its business services products, a global market estimated to be worth over $1.4 trillion.

eVolution Global Partners invests $16m in MarketMile

Annemarie Quill

American Express

Ventro

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