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2080 Media Clears Venture Capital Debt

Thursday, May 28, 2015 5:33:00 AM PDT | VentureDeal
   Atlanta, Georgia  --  Digital media technology company 2080 Media has received $2.5 million in venture capital debt investment, according to an SEC regulatory filing.

2080 Media operates a high school sports media company, PlayOn! Sports, where users can stream high school games and other events live.

The benefit of the system is that it enables high-quality, low-cost productions of live sports events at the local level.

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

2080 is still seeking approximately $3.5 million in additional debt financing, according to the filing.

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