NetShelter Technology Media Closes $11.1 Million

Dec 16, 2008


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NetShelter Technology Media announced that it has closed an $11.1 million Series A round of financing from Rho Canada, GrowthWorks Canadian Fund, and JLA Ventures. Proceeds of the minority investment will be used to accelerate the company’s Open Media model. In conjunction with the investment, Jeff Grammer, partner at Rho Canada, Roger Chabra, Investment Manager at GrowthWorks Capital and Rick Segal, partner at JLA Ventures have joined NetShelter’s board of directors.
 
(www.rho.com/venture_capital/canada/canada_main.html, www.rho.com, www.growthworks.ca, www.jlaventures.com, www.netshelter.net)