$2M for VisibleGains

12/2/09

VisibleGains (fka PermissionTV), a Waltham, MA, provider of interactive online video technology for the B2B market, has raised $2 million in a new financing deal, according to an SEC filing. Company CEO Cliff Pollan told Xconomy that his firm was raising money from its previous backers Point Judith Capital and Castile Ventures in October, when Wade covered the transformation of VisibleGains’ business model to focus on the B2B market. Pollan wasn’t immediately available for comment at his office this morning. The company has raised the new financing through the sale of options, warrants, and/or other rights to acquire its stock to a total of 19 unnamed investors, according to its regulatory filing.

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