GoFish Corporation, a digital media company, announced that it has secured $22.5 million in a private placement financing led by Panorama Capital, Rustic Canyon Partners, and Rembrandt Venture Partners. The company will use the proceeds to retire its debt, further accelerate the growth of its media solutions, and continue expansion of its sales and marketing team. Under the terms of the financing, the investors have committed to invest $22.5 million with an option to invest an additional $2.5 million over the next few weeks. The investors will purchase newly created Series A Preferred Stock convertible at a per common share equivalent price of $0.20 per share. The investors also will receive warrants to purchase common stock at $0.20 per share.