Tuesday, January 29, 2008

hi5 Networks Gets $15M In Debt

San Francisco-based hi5 Networks has raised $15M in debt financing from venture lender Hercules Technology Growth Capital, Hercules said Tuesday. According to HTGC, the financing came in December and will go towards equipment financing. hi5 Networks operates a global, social networking web site; the firm raised $20M in a venture capital round back in July of 2007 from MDV Mohr Davidow Ventures.