@Moodlerooms Raises $2.9 Million more

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On the tail of announcing a nearly 1/2 million influx of investment last month (May) Moodlerooms’ SEC filings have shown that it recently raised another 2.9 million dollars (with more to come).  This puts the investment total at around 10 million dollars since the beginning of 2010 [source].

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According to the Baltimore Sun article by Gus Sentementes,

Startup story: Baltimore’s Moodlerooms raises more moolah

Ever since I wrote about Moodlerooms, a Baltimore startup, expanding and moving out of the city’s incubator program last year, I’ve been following its progress with interest.

Last week, Moodlerooms disclosed in an SEC filing that it had raised $2.9 million of a $3.4 million equity offering. Citybizlist has a run down of some of the investors and directors involved in the company now.

In May, Moodlerooms raised $425,000 in debt in the form of unsecured promissory notes that could be converted into company equity.

According to their website Moodlerooms is currently seeking candidates for 6 different positions:

 

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