Peerless Network Secures $15,000,000 New Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3061dd61-2f1b-4480-b74d-ccbeb2d9e000&Preview=1
Date
1/10/2013
Company Name
Peerless Network
Mailing Address
222 South Riverside Plaza Chicago, IL 60606
Company Description
Peerless Network focuses on making connections easy. Our dedication to incorporating the latest technology to provide innovative services and unparalleled results sets us apart. Call today.
Website
http://www.peerlessnetwork.com
Transaction Type
Debt
Transaction Amount
$15,000,000
Transaction Round
Undisclosed
Proceeds Purposes
Peerless will use the financing to fund network growth, provide additional data center capacity and enter new markets.
M&A Terms
Venture Investor
Square 1 Bank