Deal Announcements

Lootsie Collects Venture Capital Debt

Wednesday, December 23, 2015 5:40:00 AM PDT | VentureDeal

   Culver City, California  --  Mobile advertising technology company Lootsie has received $2.2 million in new debt investment, according to an SEC regulatory filing.

Lootsie has created a mobile advertising units as rewards.

The company says that its ad units turn advertising into something more powerful in engaging prospective customers.

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

26 investors participated in the financing event.

Minimum investment size per investor was listed as $25,000 in the filing.

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