Deal Announcements

FeedRoom Secures $5 Million In Venture Debt

Monday, June 25, 2007 5:00:00 AM PDT | VentureDeal Staff

NEW YORK, NY -- Video site developer FeedRoom announced that it has secured a $5 million financing in the form of venture debt.

FeedRoom creates the infrastructure that powers the video sites of large corporate companies such as the New York Times, Wal-Mart and Intel.  The company had already received $48 million in venture capital equity.

BlueCrest Capital Finance provided the debt round.  The companies investors include Constellation Ventures, Intel Capital, BEV Capital, the New York City Investment Fund, Ridgewood Capital, TeleSoft Partners, Tribune Ventures, Velocity Equity Partners, i-Hatch Ventures and Warburg Pincus.

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