San Francisco - GoFish, a San Francisco-based online youth entertainment and media network that draws about 69 million unique visitors a month, said on Thursday that it has secured $22.5 million through a private placement co-led by Panorama Capital, Rustic Canyon Partners and Rembrandt Venture Partners.

The company will use part of the proceeds to repay all of its outstand debt and further expand its sales and marketing team.

Under the terms of the financing, the investors have committed to invest $22.5 million, with an option to invest an additional $2.5 million over the next few weeks.

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http://www.gofishcorp.com