Thursday, September 24, 2009

Pandora Gets $10M In Credit Facility

Oakland-based music streaming firm Pandora Media has gained a $10M, line of credit from Bridge Bank, Bridge said this morning. According to Bridge Bank, the line of credit will go towards working capital for Pandora's continued growth, and comes along with the close of a round of equity for Pandora. Terms of the line of credit were not released, and details of Pandora's recent equity funding haven't yet been disclosed.