Glam Media (Brisbane, CA) reported that they have finalized their fourth round of funding for $85M of which $65M is in cash and another $20M in venture debt. This all comes on top of the already $30M raised over the past four years that Glam has been around.
This latest round included a slew of investors […]
Entries Tagged as 'Venture Debt'
Glam Media Raises $85M - Well Short of Desired $200M it Was Shooting For
February 25th, 2008 · 1 Comment
Tags: Absurd Financing · New Funds · Series D Financing · Venture Capital · Venture Debt
WooMe Secures a $3M Bridge Loan
February 7th, 2008 · 2 Comments
WooMe (San Francisco, CA) the online video speed dating site, just secured a $3M bridge loan from Mangrove Capital Partners and Atomico (Niklas Zennstram - Founder of Skype, Kazaa). The company which was just launched two-and-half months ago, has seen some significant growth during the period but the bridge loan is a bit odd at […]
Tags: Venture Debt · social networking
hi5 Pulls in $15M - in Venture Debt Financing Led by Hercules Technology Growth Capital
January 29th, 2008 · 1 Comment
hi5 (San Francisco, CA) which is one of the most popular social networks out there (#8 Globally according to Alexa), just raised additional capital but in the form of debt. The transaction which was led by Hercules Technology Growth Capital who clearly sees value in the international application of hi5 which while it claims […]
Tags: New Funds · Venture Debt · social networking
Bank Loan vs. Venture Loan
January 2nd, 2008 · 2 Comments
As referenced in the latest round of financing for Cooking.com, I thought it would be valuable to explain the concept of venture debt and some of the distinguishing characteristics.
Some things to consider about venture debt as opposed to venture capital:
Venture Debt:
Typically repayable within 24-36 months
Usually only given to high growth companies because of timing of point […]
Tags: Venture Debt