Monday, March 9, 2009
RazorGator Gets $10M In Debt Financing
Los Angeles-based RazorGator, fresh off a recent equity financing round, said Monday that it has raised $10M in an debt financing extension from Hercules Technology Growth Capital. According to RazorGator, the extension will be used for "aggressive expansion" of the firm's services. RazorGator operates a service which connects sports and entertainment fans with difficult-to-find tickets. Terms of the debt financing were not disclosed. RazorGator announced a $7.5M equity raise last week from Kleiner Perkins Caufield & Byers, Oak Investment Partners, and Steamboat Ventures.