Vringo Adds $3.35M
Publicly traded Vringo Inc. has closed on $3.35 million in new financing. The money comes from the issuance of 817,303 shares of common stock, and the conversion of $2.5 million of convertible notes from an earlier bridge financing round led by Benchmark Capital and DAG Ventures. Proceeds will go toward sales and marketing expansion, working capital and general corporate purposes.
5 December 2011•4 mins read
