Thursday, December 18, 2008

GoFish Closes $22.5M PIPE

San Francisco-based GoFish said Thursday afternoon that it has closed its $22.5M equity funding round, which came from a trio of venture capital firms, and paid off the company's remaining debt. According to the firm, it sold convertible stock and warrants in a private placement to Panorama Capital, Rustic Canyon Partners, and Rembrandt Venture Partners. The firm used the proceeds to repurchase debt which was not converted into the round, warrants, and also for further expanding the firm's sales and marketing team. The PIPE was announced earlier this month. More information »