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Digital Content Marketplace a21 Raises $15.5 million in Private Placement

Authored by dmw on May 1, 2006 - 7:00pm.
Jacksonville, Fla. - a21, an online digital content marketplace for creative professionals, announced that it has raised $15.5 million in convertible debt with a group of institutional and accredited investors. The company said that it expects to use the proceeds to repay existing debt, to provide working capital, and for acquisitions and expansion. StarVest Partners, which invested $5 million in the deal with a21, led the deal, which also included Morgan Stanley.
tags: Deals | Commerce | Debt Deals | a21 | StarVest |