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Binary Event Network Raises Debt Funding

Friday, January 30, 2015 5:33:00 AM PDT | VentureDeal

   New York, New York  --  Digital media technology company Binary Event Network has secured $850,000 in venture capital debt funding, according to an amended SEC regulatory filing.

Binary Event has developed an application called Pivit that enables viewers of the live events to predict what will happen next.

Investors in the financing were not disclosed, nor was how the company intends to use the funding proceeds.

The company is still seeking $3.35 million in additional financing, according to the filing.

Binary Event is backed by a syndicate of venture capital and corporate investors.

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