Social Net Hi5 Raises $3 Million in Debt

Hi5games

Social network Hi5, which has been morphing into more of a social gaming service, has received about $3 million in debt financing a big $23 million in funding, in a mix of equity, debt and warrants, according to two SEC documents filed this morning (Update: The company PR says these new filings are for old fundings that are only showing up now.). The money was raised from previous investor Mohr Davidow Ventures. Earlier round of financing, totaling about $35 million, was raised from Mohr and Hercules Technology Growth Capital (for debt).

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