Lotame Solutions Obtains $5,500,000 New Financing

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c14f1bc8-5445-4955-bad5-19d57732a36d&Preview=1
Date
3/27/2013
Company Name
Lotame Solutions
Mailing Address
440 9th Ave. 18th Floor New York, NY 10001
Company Description
Lotame was constructed to deliver advanced revenue solutions in the social media space. Realizing that social media is continuously growing and evolving, Lotame has developed technologies that can adapt and learn from this ever-changing media landscape.
Website
http://www.lotame.com
Transaction Type
Debt
Transaction Amount
$5,500,000
Transaction Round
Undisclosed
Proceeds Purposes
With Horizon’s financial support, Lotame plans to strengthen global initiatives across five continents, and make key hiring decisions to expand the sales, technology, and executive teams.
M&A Terms
Venture Investor
Horizon Technology Finance