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Monday, June 4, 2007
ThisNext Raises Round Of Venture Debt
Santa Monica-based ThisNext, an online shopping discovery and community web site, has raised a round of venture debt, the firm told socalTECH Friday. The firm's CEO, Gordon Gould, said that ThisNext raised a round from Western Technology Inc., which will go towards giving the firm runway extension prior to the company's Series B funding in the fall. Gould said that the funding should give the firm a strong position and help boosts the firm's valuation in advance of its venture capital efforts. The funding will go towards operations at the company. ThisNext's site provides a social shopping site that allows consumers to share and recommend products with friends and others. ThisNext is venture backed by Clearstone Venture Partners, and now has 11 employees.
posted on Monday, June 4, 2007
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