Teleflip Scores $1M In Debt

Los Angeles-based Teleflip, an operator of a service that allows cell phone customers to send and receive email with any cell phone, has raised $1M in debt financing. The funding came from Hercules Technology Growth Partners. According to Teleflip's CEO, Tony Davis, Teleflip raised the funding to support the growth of the firm's technology and to accelerate its growth plans in the US, along with international expansion into Canada this summer and beyond. Teleflip is venture backed by Global Retail Partners.