Boston
– Hangout Industries, a Boston-based developer of online social gaming services
for children, has raised $2 million in venture debt, according to a new filing
by the company with the Securities and Exchange Commission.
Hangout’s services
allow young users to create their own personalized avatars, play casual
mini-games, go shopping, throw parties for their friends, or just hangout in
virtual environments.
The company has raised a total of $12 million in venture
capital, according to published reports.
Related Links:
http://www.sec.gov/Archives/edgar/data/1396158
