Slacker Raises More Cash
0 comments / Posted on 15. May, 2009 by Bryan Menell in Consumer
Slacker, which had major operations in Austin, is reported to have raised an additional $9.6M according to a regulatory filing. This brings the total amount raised to $68.7M, according to PaidContent.org. Under new state securities filing laws, companies are no longer required to disclose as much information as they previously were, therefore it is unclear which nine investors accounted for this round of financing. Suspects would point to previous investors such as Rho Ventures, and Austin Ventures.
Somebody has a plan to make money in this deal, right?
With even IPO exits like OpenTable handing venture investors losses, it’s hard to imagine how Slacker is going to make a return for their investors.
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Posted by Bryan Menell
http://austinstartup.com |