PermissionTV, the provider of online video services, has taken $3 million in venture debt from BlueCrest Capital Finance. The Waltham, MA-based company has previously raised at least $18 million through traditional VC investments. The company offers customers, like FHM Magazine and the Boston Symphony Orchestra a platform for bringing their video content online. It's not clear why the company opted to go the venture debt round, or what the funding is for, other than vague "(to) gain more ground in the rapidly growing enterprise digital video distribution market." Release.
Disclaimer: PermissionTV has been a sponsor of paidContent.org
By Joseph Weisenthal