Oomba Obtains $1,600,000 Series A Financing

  • Feed Type
  • Date
    11/11/2013
  • Company Name
    Oomba
  • Mailing Address
    9851 Irvine Center Dr 1st Floor Irvine, CA 92618
  • Company Description
    Sports, games, video games – we all play something. We love to compete in tournaments, leagues and events. But even in the age of cloud computing and mobile devices, most competitions are organized using spreadsheets and paper!
  • Website
    http://www.oomba.com
  • Transaction Type
    Debt, Venture Equity
  • Transaction Amount
    $1,600,000
  • Transaction Round
    Series A
  • Proceeds Purposes
    Proceeds purposes will be used for working capital to fund the initial launch of their sports-related social media platform. The bridge notes have a term of one year and bear an annual interest rate of 5%.
  • M&A Terms
  • Venture Investor
    Undisclosed