$910K Debt Deal for MetaCarta
Wade Roush5/12/09
Documents filed today with the Securities and Exchange Commission indicate that Cambridge, MA-based MetaCarta, whose software plots Web news items on digital maps by extracting metadata about locations mentioned in the items, has raised $910,000 in convertible debt. Sevin Rosen Funds, FA Technology, and Hunt Ventures were listed as participants in the financing. MetaCarta raised $10 million in Series C funding in 2005, and previously received funding from In-Q-Tel, the venture wing of the U.S. intelligence community. We wrote about the company’s GeoSearch service in March 2008.
Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can e-mail him at wroush@xconomy.com or follow him on Twitter at twitter.com/wroush.
