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Babel Street Nets Venture Capital Debt Funds

Thursday, October 29, 2015 5:17:00 AM PDT | VentureDeal
   Reston, Virginia  --  Internet data technology company Babel Street has landed $3 million in new venture capital debt funding, according to an SEC filing.

Babel Street enables services to collect, analyze and report on information from online as well as private electronic sources.

The service acts as a "virtual data interpreter, allowing source location, language and sentiment to inform search and analysis."

Proceeds purposes were not disclosed, nor was how the company intends to use the proceeds.

Babel Street is still seeking $1 million in minimum investment size of at least $50,000 per investor, according to the filing.

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