NewGate Takes Stake In Green Retail Startup

Law360, New York (October 14, 2011, 6:09 PM EDT) -- Venture capital and private equity firm NewGate Capital Partners announced Friday that it has taken an equity stake in Orlando, Fla.-based BLP Commerce Inc. with a view to rallying investors in the company’s online organic flower business and other eco-friendly retail startups.

BLP partnered with NewGate to develop its flagship brand and guide the company towards its capital raise. With the firm taking a lead equity position to syndicate a private equity investment, BLP intends to continue its expansion in the eco-friendly consumer space, according...
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