Tuesday, October 6, 2009

NetStreams Bumps Debt To $2.75M

Austin-based NetStreams has bumped its debt funding up to a total of $2.75M, according to a recent regulatory filing from the firm. According to the filing, the funding is part of a debt round from the beginning of the year, and also included warrant coverage. The firm's filings indicate an additional $500,000 was added at the end of last month, after having previously drawn on $250,000 in July, and $500,000 in April. NetStreams is developing IP-based digital entertainment networking technology, and has previously raised equity from Austin Ventures. More information »