Thursday, December 14, 2006

Minti Raises More Money

In a blatant attempt to raise their profile in the niche category of the upcoming social networking awards, the Minti folks are putting out a release tomorrow to say that they (or more correctly, their owners Vibe Capital) have raised a further AU $1.2M in funding, on top of the AU $1.2M they raised previously. They’ve also purchased a strategic stake in Market United, the contracted developer of the vibEngine platform that Minti runs on. Also mentioned in the release: they’ve secured shareholder debt facilities to “fund capital requirements into the foreseeable future”.