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$910K Debt Deal for MetaCarta

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. You can e-mail him at wroush@xconomy.com, call him at (617) 252-7323, or follow him on Twitter at http://twitter.com/wroush.

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