Dwango Receives $2.3 Million in Funding

Dwango, the Seattle-based mobile entertainment content provider has received $2.3 million in funding, from Alexandra Global Master Fund.

The company intends to use the additional capital primarily for general corporate purposes and for license acquisitions related to consumer and media brands.

The financing consisted of $2,300,000 principal amount of a 9 percent senior convertible note due 2007, convertible at $1.20 per share, and four year warrants to purchase an aggregate of 958,333 shares at $1.20 per share.

Comments have been disabled for this post