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Channel IQ Secures Venture Capital Debt

Friday, January 20, 2012 5:54:00 AM PDT | VentureDeal Staff

   Chicago, Illinois  --  IT company Channel IQ has garnered an undisclosed amount of venture capital debt investment.

Channel IQ provides online retail intelligence solutions to retailers, distributors and manufacturers.

Silicon Valley Bank made the loan.

The company said it would use the funds to increase its employee base by 30 people over the next 12 months and continued to implement its aggressive sales and marketing efforts.

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