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Clearleap Nets New Venture Debt Funding

Tuesday, November 04, 2008 5:59:00 AM PDT | VentureDeal Staff

Suwanee, Georgia -- Telecom company Clearleap said that it has raised $3.3 million in new round of venture debt financing.

Clearleap has developed technologies that provide a new model of video delivery to cable, satellite and IPTV companies.

Silicon Valley Bank made the financing agreement. The company did not disclose how it would use the funding proceeds.

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